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S&P 500 Falls Into Bear Market

The S&P 500 fell into the bear market this week as inflation concerns rise. The benchmark fell as low as -3.9%, 22% below the all time high in January. While the index had a rough day a few tracking ETFs saw boosts. The three top movers for the day were, the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) +10.8%, the Simplify Interest Rate Hedge ETF (PFIX) +7.8%, and the AGFiQ US Market Neutral Anti-Beta Fund (BTAL) +2.6%.

ETF Newz Says:

We will have to wait and see but the S&P 500 has always found its way back.