SPY: Unpacking Market Swings - What Lies Ahead for Investors?

[ETF Daily News]( November 10th, 2023 SPONSORED AD [#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2023-24?]( Investors are lining up for gains in the New Uranium Bull Market as prices blow past decade highs. We've uncovered THE ONE uranium stock that's set to drill multiple uranium properties right here in the safe confines of the USA. This small-cap uranium stock is currently flying just below Wall Street's radar... giving you the early-entry opportunity around US $0.20 per share. [Learn all about it in this brand new FREE online report.]( [SPY: Unpacking Market Swings - What Lies Ahead for Investors?]( The S&P 500 index has had a decent run this year, gaining 14.2% year-to-date. Despite the overall gains, the index has undergone periods of volatility due to the uncertain macroeconomic and geopolitical environment, as is evident from the index’s 1.9% decline over the past three months. The SPDR S&P 500 ETF Trust ([SPY]( – [Get Rating]( which closely tracks the S&P 500 for returns, could be a solid buy now for reasons explained throughout this article. Last week, something rare occurred as the SPY saw back-to-back gap-ups for the [fourth time in thirty years](. The SPY, also known as Spider, had previously seen such gap-ups on March 13, 2019, October 12, 2020, and March 31, 2023. The SPY’s recent run is fueled primarily by the investors’ belief that the Federal Reserve has ended its tightening campaign this year. Also, the falling treasury yields, a decline in crude oil prices, and the lower-than-expected rise in nonfarm payrolls have driven the S&P 500’s run. According to the CME FedWatch Tool, [85.4%]( of traders are betting on the Fed keeping rates steady at its December policy meeting. The S&P 500 had rallied up to 4,600 in late July before entering a range-bound territory over the past three months. During this time, the yield on the 10-year Treasury reached 5% for the first time in 16 years. In September, the consumer price index (CPI) grew [0.4% sequentially and 3.7% year-over-year]( coming in higher than economists’ estimates of 0.3% and 3.6%, respectively. However, the expectations of the U.S. economy experiencing a soft landing rose after the recently released jobs data that showed nonfarm payrolls rose less than analyst estimates. Nonfarm payrolls rose [150,000 in October]( coming in below the consensus forecast of 170,000. The rise in nonfarm payrolls was lower than September’s 297,000 gain. The unemployment rate also rose to 3.9%, the highest since January 2022. The Fed left interest rates [unchanged]( for the second time in a row following 11 consecutive rate hikes since March 2022, including four this year. The Fed has held the benchmark interest rates steady between… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee of $1.75 per click from Stikepoint Media as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 ETF Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019