SPY News and Press, SPDR S&P 500 From 05/20/24

2024-05-20 08:21:59 ET More on the markets SPY: Time To Be Contrarian And Underweight SPY ETF: Momentum Is In The Cards SPY: Get Ready For A Recessionary Bear Market The name Magnificent 7 needs to be retired - Goldman Watch SPY, QQQ inflows with Dow ...

2024-05-20 07:50:00 ET Summary Most of the G10 currencies are +/- 0.1% against the dollar. The BOJ's reluctance to continue to reduce its bond purchases seemed to strengthen perceptions that it was not as concerned about the yen's weakness as was the Ministry of Finance. The e...

2024-05-20 07:15:00 ET Summary With Nvidia scheduled to report their quarterly results on 5/22/24 after the closing bell, earnings season has likely been extended for another week. Nvidia matters greatly this week, it’s the stock market darling since Apple fell out of favor...

2024-05-20 05:47:00 ET Summary With a 3.9% unemployment rate and still 8.5 million job openings, what is the probability of ongoing elevated wage gains perpetuating second-round inflationary effects (especially in rents and housing)? The fundamental predicament today is Monetary D...

2024-05-20 03:26:00 ET Summary Consumer confidence for April came in well below economists’ expectations (both the Conference Board and the Michigan sentiment indexes). The market loves itself a Goldilocks economy, where modest growth is paired with declining inflation and,...

2024-05-20 02:53:00 ET Summary The US economy grew 3.1% last year, trouncing widespread calls for a recession and exceeding my relatively sober expectation for 2% growth. The correct way to view the interplay between growth and inflation is to first understand that high inflation ...

2024-05-20 01:23:30 ET Summary The Federal Reserve has been conducting quantitative tightening for over two years, reducing its securities portfolio by over $1.6 trillion. The M2 money stock has increased at a compound annual rate of 6.9% over the past four years, indicating exces...

2024-05-19 16:00:00 ET Summary The S&P 500 is back in blue sky at new all-time highs. Next week's call looks easy - everything is bullish and the rally should continue. However, we should guard against complacency. A dip should hold 5264. But what if it doesn't? ...

2024-05-19 13:54:43 ET More on the markets SPY: Time To Be Contrarian And Underweight SPY ETF: Momentum Is In The Cards SPY: Get Ready For A Recessionary Bear Market Watch SPY, QQQ inflows with Dow rise to 40,000 sparking 'FOMU' - Goldman's Scott Rubner ...

2024-05-19 13:46:04 ET Summary I am upgrading the Vanguard S&P 500 ETF from hold to buy due to strong earnings numbers and impressive momentum. Utilities is the top-performing sector in the S&P 500 this year, followed by Energy and Communication Services, suggesting broad-...