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ETFs in Focus as S&P 500 Confirms Bull Market: How Long Will It Last?
As the S&P 500 embarks on its bull market journey, driven by the optimism surrounding AI and expectations of Federal Reserve interest rate cuts, investors remain cautiously optimistic, closely watching corporate earnings reports and external factors that may influence market dynamics.
Guide to the S&P 500 ETF Investing
The S&P 500 was up about 24% in 2023 due to cooling inflation, a less-hawkish Fed, an AI boom, a tech rally and an improvement in corporate earnings. The index may go up by a single-digit in 2024.
Equity CEFs/ETFs: Top Picks For 2024 - Part II
In Part I of my Top Picks For 2024, I explained why we saw such extreme valuation losses in most equity CEFs in 2023 and what that could-mean for 2024. In my opinion, liquidity was the over-riding factor for why so few stocks, think Magnificent 7, received the lion's share of buy-interest while most everything else suffered, including equity CEFs. But just because the Federal Reserve will continue its Quantitative Tapering doesn't mean that other Fed programs won't increase liquidity in other places.
SSO: Time To Reduce Leverage As Market Risk Grows
Since the original recommendation of SSO at bear market lows last year, this leverage fund has gained 33% compared to 19% for the S&P 500. However, recent record high cash flows into SSO raise concerns about further price gains in the fund. This is confirmed by low buying levels in SSO, which historically also occur near a intermediate term price peak.
What Lies Ahead of S&P 500 ETFs in 2024?
While the S&P 500 may gain in 2024 due to cooling in inflation, a less-hawkish Fed, AI investing momentum, a tech rally and an improvement in the corporate earnings, presidential election can cause uncertainty in the market.
Can S&P 500 Jump to 5000 in 2024? ETFs in Focus
RBC Capital Markets is expecting the S&P 500 to reach a historic high in the year 2024. But JPMorgan says S&P 500 will fall next year due to challenging macro backdrop.
S&P 500's Whirlwind: Big gains, warning whispers & tactical moves
The S&P 500 went into a new bullish trend in early November, with the SPDR S&P 500 ETF Trust NYSEARCA: SPY gapping up twice since its follow-through day on November 1. The index is up 7.73% in November.
SPY: The Calm Before The Storm
US equity markets remain near all-time highs despite mounting valuation and interest rate headwinds. Short interest in the SPDR® S&P 500 ETF Trust has fallen to its lowest level in decades, indicating widespread complacency.
SSO: Sense Of Bullishness Makes This 2X Leveraged Large-Cap ETF Interesting
ProShares Ultra S&P500 ETF is a leveraged exchange-traded fund designed to offer a 2x return on a daily basis as compared to the S&P 500. It mimics the index and has had a negligible drift. The S&P 500 is a little overweight in tech-focused large-caps, which are expected to do well over the next decade. However, the SSO ETF's returns may differ in the long run. SSO provided robust total returns during 2023 and double-digit returns over a longer time period. A renewed sense of bullishness makes it more attractive.
S&P 500 in Tug of War Between Bulls and Bears: ETFs in Play
While the S&P500 is heading toward a bull market, following a 19.7% rally from the October 2022 lows, traders have raised their bearish bets on the index.
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SSO Frequently Asked Questions
What is ProShares Ultra S&P500 stock symbol ?
ProShares Ultra S&P500 is a US stock and trading under the symbol SSO
What is ProShares Ultra S&P500 stock quote today ?
ProShares Ultra S&P500 stock price is $69.9901 today.
Is ProShares Ultra S&P500 stock public?
Yes, ProShares Ultra S&P500 is a publicly traded company.