As Roberts put it, “What markets are pricing is the impact of that CapEx spending on the economy that generates the earnings.
Roundhill S&P 500 Target 20 Managed Distribution ETF offers S&P 500 exposure via long call options with a 20% managed annual distribution. XPAY's simple structure and high payout suit income-focused investors, but long-term reinvestors are likely better off with SPDR S&P 500 ETF Trust. XPAY distributions are primarily return of capital, providing tax deferral benefits similar to or better than SPY's tax efficiency.
Although the bull case has rarely sounded louder, with one-year gains running hot and the index pressing new highs, Wall Street has a long memory, and that memory is not kind to stretched valuations that meet an inflation regime.
The S&P 500 dividend yield has fallen to 1.08%, a level the index has not seen since the 1800s.
The S&P 500 and a related fund, the SPDR S&P 500 ETF (NYSEARCA:SPY | SPY Price Prediction), have vaulted 28% over the past year, the household ledger sitting beneath that rally on Wall Street tells a far more unsettling story.
Morgan Stanley's Andrew Slimmon, who runs the firm's Global Strategies group, delivered a contrarian message on Barron's Streetwise podcast that cuts against the prevailing wisdom on Wall Street.
The host of Retire SMART Podcast opened Episode 416 with a number that should stop every income-focused retiree in their tracks.
A CNBC commentator delivered the line of the week on the network's market coverage: "Trump has been responsible for the five best and five worst trading days of his second term.
Tony Dong is the founder of ETF Portfolio Blueprint.
The SPDR S&P 500 ETF Trust (NYSEARCA:SPY | SPY Price Prediction) keeps rising more and more, no matter how “bad” the news gets.
The State Street SPDR S&P 500 ETF Trust (SPY) was launched on January 29, 1993, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Blend segment of the US equity market.
Lance Roberts of RIA Advisors warned on the Thoughtful Money podcast that the S&P 500 has stretched so far above its key moving averages that a mean-reversion move could be a higher-probability scenario heading into the summer.