FYI: The S&P 500 has grown by $4 trillion since its December meltdown, and exchange-traded fund investors are betting there may be more room to run.
Investors poured more than $5.6 billion into the SPDR S&P 500 ETF Trust, known as SPY, last week, data compiled by Bloomberg show. The last time the world’s largest ETF saw inflows of this magnitude, U.S. stocks were on the cusp of a bear market in late 2018. But this time around, the cash infusion comes as the benchmark nears new highs.
Regards,
Ted
https://www.fa-mag.com/news/-4-trillion-stock-rally-has-buyers-flooding-world-s-largest-etf-44343.html?print
