S&P 500 Falls Into Bear Market

Share post:

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.

Related

Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...