Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." Chapters: 00:00:00 - MLIV 00:00:01 - AI Trade Scare 00:00:57 - S&P Futures 00:01:37 - Asian Stocks 00:02:28 - US CPI, Inflation -------- More on Bloomberg Television and Markets Like this video?
Roundhill S&P 500 Target 20 Managed ETF (XPAY) targets a 20% yield via a synthetic, options-based strategy mimicking S&P 500 movements. XPAY demonstrates superior capital preservation and total return versus 0DTE high-yield peers, but underperforms equity-based high-yield ETFs like GPIX and SPYI. Despite a consistent 20% yield and tax-efficient return of capital distributions, XPAY faces persistent NAV erosion, especially during market declines.
At first blush, there doesn't appear to be a whole lot happening with the S&P 500 in 2026. But dig a little bit deeper, and it is a whole different story.
The energy sector has been the best-performing sector in the S&P 500 this year — and it's not just because risks to global oil flows, tied to Venezuela and Iran, have boosted crude prices by more than 10%.
The start to 2026 has brought no shortage of historic developments in global markets. Investors just witnessed another one over the past week.
Since the first week of October 2025, the overall S&P 500 expected EPS growth rate has risen from 10.8% on October 3, '25 to 14.3% as of February 6, '26, with most of that improvement coming from technology, financials and industrials. The expected growth rates by sector for 2026 tell a little different story: technology is still expected to grow 32.3% in 2026, but financials and industrials have been replaced by basic materials. This latest rally in the iShares MSCI Japan ETF (EWJ) since mid-2025 has been quite robust. Japan's bond market is now seeing interest rate levels not seen in decades. The 40-year deflation that gripped the Japanese economy that kept the country locked in a death grip seems to have finally ended. The yen carry trade fears have also seemed to fade.
The iShares Core S&P 500 ETF (NYSEARCA:IVV) generates income the straightforward way: it holds the stocks of the 500 largest U.S.
The S&P 500 experienced a mid-week slump before rebounding on Friday with its strongest single-day gain since May. The index ended the week down -0.1% but remains within reach of a new record high.
A popular software ETF is now at extremely oversold levels, according to one measure
Expect more downside if the benchmark index slides below 6,720.
The action in stocks on Thursday showed just how quickly simmering concerns in one corner of the market can boil over into a large-scale rout.
Ciena, maker of networking and telecom equipment, is set to join the S&P on Friday.