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Where's The SPDR S&P 500 Headed This Week? A Look At The SPY On A Longer-Term Time Frame

Benzinga Real-time News ·  Jul 31, 2022 08:52

The SPDR S&P 500 ETF Trust(NYSE:SPY) has been experiencing a strong bull cycle recently despite the confirmed longer-term bear cycle caused by soaring inflation, rising interest rates and fears of a looming recession.

The ETF was also heavily boosted last week by very bullish reactions to a number of big tech stocks reporting earnings, such asApple, Inc(NASDAQ:AAPL) andAmazon.com, Inc(NASDAQ:AMZN)

On Wednesday, the ETF experienced one of its most bullish days in recent history, soaring up 1.77% in a somewhat surprising reaction to the Federal Reserve's decision to raise the benchmark...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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