Chicago PMI increased to 47.6 in March, beating analyst estimates.
SP500 tagged a new yearly low today and is down approximately 10% from its all-time high.
With a wafer-thin expense ratio, USPX offers exposure to predominantly high-quality U.S. mega- and large-caps. Since the strategy change in August 2022, it has underperformed IVV, VOO, and SPLG but beaten SPY. USPX offers a factor mix similar to that of IVV, with slightly stronger growth but weaker quality and a bit higher WA 24-month beta.
Keeping it simple is a good idea when it comes to investing in high-quality, defensive value stocks — especially now.
Following Friday's meltdown for the stock market, the S&P 500 moved one step closer to an important support level that could determine whether equities will see meaningful gains this year,
The S&P 500 (SPX) lost ground last week amid uncertainty about the impact of tariffs and growing concerns the economy could be headed toward a recession.
As someone who is definitely not an expert on the high-yield credit market, but follows spread data, the critical funding market does not yet seem to be setting off alarms. We'll get the quarterly bump next weekend, as we roll from Q1 '25 to Q4 '25's forward 4-quarter EPS estimate FFQE), which presently stands at $269.12. The final calendar 2024 S&P 500 EPS should be very close to today's published print of $242-243, or 10% y-o-y growth.
LLY RISES 8 POINTS AFTER ALERT
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Technical analyst pinpoints the critical S&P 500 support level both bulls and bears should be watching. Transcript: BOB LANG: So looking ahead what S&P 500 support levels should both bulls and bears keep an eye on.
Year-ahead inflation expectations increased from 4.3% to 5.0%.
Core PCE inflation and looming tariffs push US stocks lower today. The S&P 500 Index slides as investors brace for Fed signals and potential rebalancing.