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SPDR S&P 500 Trust ETF (SPY)

  • Jul. 24, 2013, 1:23 PM
    Treasury prices (TLT -1.6%) add to losses following the 5-year note auction and a pretty middling bid-to-cover ratio. The 10-year yield is up 11 bps to 2.61% in its worst session since the June employment report, and it's starting to take effect on the major stock market averages. The Dow (DIA -0.5%) and the S&P 500 (SPY -0.5%). The Nasdaq 100 (QQQ +0.2%) clings on to a small gain, courtesy of Apple.
  • Jul. 24, 2013, 12:51 PM
    Three signs we're close to a market top, according to Mark Hulbert: 1) A bull market's best returns typically come right before it dies, with the average bull gaining 21% in the year before topping. The SPY is currently up 23% Y/Y. 2) Riskiest stocks do best ahead of tops, and growth stocks have trumped value stocks by triple the historical norm in the last year. 3) Contrary to expectations, a nosebleed level of a P/E ratio is not a necessary condition for a market top.
  • Jul. 24, 2013, 6:51 AM
    S&P 500 (SPY) futures +0.3%, but the Nasdaq 100 (QQQ) is ahead by 0.9% thanks to Apple's 3.9% premarket gain. Asia was mixed to lower overnight and Europe is ahead by about 1%. Treasury yields are quietly heading higher again though, the 10-year yield up another couple of bps to 2.54%. Caterpillar earnings are due soon.
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  • Jul. 23, 2013, 12:01 PM
    "Some volatility is good," write researchers from Ned Davis after studying the results and finding low volatility strategies barely took the edge off big market declines in the mid-70s and mid-80s. Investors in SPLV or USMV who watched those funds underperform the SPY of late hardly need reminding of this. The study did not extend to global variants like EEMV and ACWV.
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  • Jul. 23, 2013, 7:01 AM
    S&P 500 (SPY) futures +0.2% and Nasdaq 100 (QQQ) +0.3% amid another wave of earnings reports set to be capped by Apple after the bell. Europe's moderately higher with the periphery outperforming and Asia notched bigger gains overnight. China and Hong Kong each gained about 2% after Beijing suggests it would step in with stimulus should GDP growth slow much more. Treasury yields turn higher for the first day in a few, the 10-year up 4 bps to 2.51%.
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  • Jul. 22, 2013, 8:43 AM
    The PowerShares Buyback Achiever Portfoliio (PKW) looks to be on pace to again beat the S&P 500 (SPY) this year, outperforming thus far by 770 bps. The PKW is also outperforming a number of companies at the top of the list of those buying back their own stock, including Qualcomm, Texas Instruments, AMEX, Lowe's, and PepsiCo.
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  • Jul. 22, 2013, 6:56 AM
    S&P 500 (SPY) and Nasdaq 100 (QQQ) futures are up by the tiniest of margins as stocks look for a 5th consecutive week of gains. Asia was up moderately overnight and Europe is mixed in late-morning trade. Gold continues to bounce, up 1.8% and back above $1,300/ounce. The 10-year Treasury yield is off a basis point at 2.47%.
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  • Jul. 19, 2013, 1:11 PM
    Nearly $18B flowed into U.S. equity funds (VTI) in the past week, the biggest gusher of money since June 2008, according to EPFR. About $6,5B of that amount went into the SPDR S&P 500 ETF (SPY). The same week saw more than $1B pulled out of investment grade (LQD) debt and Treasury funds, but $4B put to work in high yield (more on high yield's bounce). Emerging market debt funds (EMB) continue to suffer, seeing another $1.3B pulled.
  • Jul. 19, 2013, 12:24 PM
    The broadest of stock market index's - the Wilshire 5000 - has broken above long-term resistance, notes Kimble Chartling Solutions. Combined with an Advance/Decline line near an all-time high, it's two technical positives for the market (VTI, SPY, DIA). Scott Minerd yesterday suggested the A/D line's June swoon as reason for serious caution on the market for the rest of the summer.
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  • Jul. 19, 2013, 6:46 AM
    The QQQ's -1% premarket after weak results from Microsoft and Google, off 6.4% and 3.6% premarket, respectively. The SPY -0.3%. Asia was mostly lower overnight, led by Shanghai's 1.5% decline, and Europe is moderately lower in late morning action. The 10-year Treasury yield is off 1 bp at 2.51%.
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  • Jul. 18, 2013, 3:29 PM
    The stock market's (VTI, SPY, DIA) in for a rough summer, says Guggenheim's Scott Minerd as his favorite indicator - the advance/decline line - dropped more than the indices during June's decline, suggesting something bigger coming soon. The action is very similar to what we saw in 2007, he says. The deteriorating technical picture combined with worrying signs for the global economy makes this a rally to sell, not buy.
  • Jul. 18, 2013, 11:36 AM
    The financial sector (XLF +1.2%) is leading a moderate rally in the S&P 500 (SPY +0.7%) and DJIA (DIA +0.8%) as Intel, Verizon, and Qualcomm hold back the Nasdaq (QQQ +0.1%). Within financials, it's the banks (KBE +1.8%) doing the best. Morgan Stanley is ahead 5% as it surprises with a buyback announcement, and Bank of America gains another 3% following yesterday's earnings.
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  • Jul. 18, 2013, 8:53 AM
    More on jobless claims: The 334K print is the 3rd lowest since the financial crisis began to rev up in late 2007. The 4-week moving average slides 5.25K to 346K. Treasury prices (TLT) have given up gains and are back to flat. S&P 500 (SPY) futures, +0.25% premarket, are at about a session high.
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  • Jul. 18, 2013, 6:48 AM
    Stock index futures (SPY, QQQ, DIA) are little-changed as quarterly earnings report really begin to pour in. Bernanke heads up to Capital Hill for a 2nd day of Humphrey Hawkins testimony - this time in front of a Senate committee. The 10-year Treasury yield is off 2 bps to 2.47%.
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  • Jul. 17, 2013, 3:26 PM
    The S&P 500 (SPY) ETF is usually the most heavily-traded U.S. security, but at 59M shares (as of 2:30 ET), it's at just 39% of its average volume over the last month. Leading today are Yahoo (YHOO +9.5%) as it soars following earnings, and Bank of America (BAC +2.9%) as it flies to a multi-year high after its profit report. Yahoo has traded 68M shares (440% of normal volume), and BofA 204M shares (177% of normal volume).
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  • Jul. 17, 2013, 3:22 PM
    "We still haven't had the capitulation phase, we still have negative attitudes," says Laszlo Birinyi, arguing the market (SPY, QQQ, DIA) is headed higher. There's no better indicator than money flows, he says, and it's a lot more than the Fed putting money into the market. HIs year-end target S&P target of 1,700 is just a few points away, so what then? "This is a long trip and people want to know when are we going to get to L.A., and I'm saying let's get to Chicago first."
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SPY Description
The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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