FYI: Record highs are back. The S&P 500 clawed its way to a fresh all-time high this week, bolstered by stronger-than-expected earnings reports and the third Fed rate cut of the year.
The venerable index topped 3,050 for the first time ever on Wednesday, fueling ETF behemoths like the SPDR S&P 500 ETF Trust (SPY), the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) to gains of 23.4% for the year.
That puts those ETFs on track for their best year since 2013 (though U.S. stocks did enter 2019 well off their highs, making this year’s gains a bit easier to come by).
Regards,
Ted
https://www.etf.com/sections/features-and-news/sp-500-etfs-rally-records
