2024-05-06 07:30:22 ET
Summary
- The previous bullish thesis about SPDR S&P 500 ETF aged well as the ETF continued rallying despite fears of a temporary correction.
- The U.S. economic growth forecast for 2024 has been significantly upgraded recently, making it the most attractive economy among the developed world for investors.
- The strength in the economy is backed by the performance of the largest U.S. corporations, generating the strongest EPS figures in their history and investing in innovation more than ever.
Investment thesis
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SPY: Stronger Than Ever