Vanguard S&P 500 ETF [VOO] Stock Forecast

Anchored Volume Weighted Average Price (AVWAP) indicates that buyers may be regaining control of the S&P 500 trend. The Total World Stock chart also shows constructive AVWAP price characteristics, suggesting a possible trend shift from down to up.

Though the latest Wall Street rally in narrow in nature, a run of strong economic data, such as an upbeat labor market, easing inflation, steady interest rates, and decent personal income, create a positive backdrop.

Overall, ETFs pulled in $11.9 billion in capital last week, taking the year-to-date inflows to $150.3 billion.

The U.S. equity market has regained its bullish momentum as inflation cools and the economy proves more resilient than expected. The S&P 500 Index has broken above 4,200, suggesting a potential attempt to surpass its all-time high of around 4,800.

The strong surge in mega-cap technology stocks has helped the Nasdaq composite post its strongest fund-flows week return since the week ended February 1. The preliminary flows figures through the first five months of the year show that equity funds (including ETFs) have handed back a net $77.5 billion. While we are not out of the woods yet, with just two days to spare, investors can finally cross off one of the more pressing issues from their list of worries after President Joe Biden signed the bipartisan debt ceiling bill on Saturday, June 3.

The current market shows many of the seven signs of a bubble, as identified by Ray Dalio. I will argue the overall market, as approximated by the Vanguard S&P 500 ETF, is not only overvalued but also bordering a bubble regime. I will then argue that the bubble signs are more severe in the tech sector, approximated by the Invesco QQQ ETF.

The gender pay gap is real. That challenge can be met.

By Jeremy Schwartz, CFA Global Chief Investment Officer Follow Jeremy Schwartz @JeremyDSchwartz There is an important factor impacting the earnings of S&P 500 companies that also carries implications for potential diversification when investing abroad. Many believe a good reason to invest outside the U.S. is to obtain foreign currency exposure as an attractive diversifier.

Most Wall Street analysts raised their target price on S&P 500 for this year for the second time in many weeks.

Valid until the market close on June 30, 2023  The S&P 500 closed May with a monthly gain of 0.25%, after a gain of 1.46% in April.