SPY News and Press, SPDR S&P 500 From 06/01/24

2024-06-01 09:00:00 ET More on the markets and the economy Fed may not cut rates in 2024 with inflation's slow downward pace - strategist Investors punished Salesforce after earnings. See other worst post-report reactions PCE April 2024: Personal Spending Data Confir...

2024-06-01 08:00:00 ET Summary Long leading indicators show improvement, with interest rates and credit spreads remaining neutral. Housing indicators show mixed results, with mortgage rates and applications remaining in a relatively tight range. Short leading indicators and co...

2024-06-01 05:55:46 ET Summary Markets for the most part corroborated the "higher for longer" and rising global yields thesis. The Nasdaq 100 declined 0.7% Wednesday in bearish trading action, as the Semiconductors slumped 1.9%. The yen has ominously little to show for the mon...

2024-06-01 03:54:26 ET Summary I use technical analysis to compare the SPDR S&P 500 ETF and the Vanguard Extended Market ETF. SPY is currently bullish, trading above its 10-month EMA and reaching new all-time highs. VXF is also bullish, but has not surpassed its previous m...

2024-06-01 03:00:00 ET Summary The Fed’s balance sheet shrunk by $118B in May - the largest amount since September of last year. When the Fed makes money, it sends it back to the Treasury. This has netted the Treasury close to $100B a year. International holdings have i...

2024-06-01 01:45:00 ET Summary The Treasury yield curve has been inverted between the 10-year and 2-year maturities for 500 days. Prior to the current inversion, which started in 2022, the 10-2 curve has inverted on four occasions since 1987. It still may be too early to concl...

2024-06-01 01:30:00 ET Summary The Fed’s favored core PCE price index, which excludes the volatile components of food and energy, jumped by 3.0% annualized in April from March (according to the Bureau of Economic Analysis today). The six-month annualized core PCE price inde...

2024-05-31 19:48:12 ET The S&P 500 ( SP500 ) on Friday fell 0.51% for the week to end at 5,277.51 points, posting losses in two out of four sessions in the week shortened by the Memorial Day holiday. Its accompanying SPDR S&P 500 ETF Trust ( NYSEARCA: SPY ) shed...

2024-05-31 16:12:20 ET Summary U.S. inflation remains at 2.7% in April, meeting economists' expectations. Core PCE, excluding food and fuel prices, stays at 2.8%. The Federal Reserve is expected to maintain its current interest rate policy. "U.S. inflation held at ...

2024-05-31 16:00:14 ET Summary Stocks rebounded in May, with the S&P 500 rising nearly 4% and the Nasdaq 100 ETF rallying almost 5%. Small-cap stocks outperformed large caps as the yield on the US 10-year Treasury note dipped toward 4.5%. The Utilities sector performed wel...