S&P 500's Bull Run to Continue: ETFs to Bet On [Yahoo! Finance]
SOCIETE GENL FRNCE S/ADR (SCGLY)
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Source: Yahoo! Finance
The move will mark the end of the most aggressive Fed hiking cycle and fuel corporate profits. As such, Wall Street analysts have become more bullish on the S&P 500. In order to tap this opportune moment, investors should bet on ETFs that track the S&P 500 Index. These include SPDR S&P 500 ETF Trust SPY, iShares Core S&P 500 ETF IVV, Vanguard S&P 500 ETF VOO, SPDR Portfolio S&P 500 ETF SPLG and Invesco S&P 500 Top 50 ETF XLG. In the latest meeting, the Fed maintained its interest rates steady in the range of 5.25%-5.50% and signaled three rate cuts this year, citing expanding economic activity and easing but elevated inflation. Following the meeting, futures markets priced in a nearly 75% probability that the first cut would come at the Jun 11-12 meeting, according to the CME Group's FedWatch gauge (read: S&P 500 Soars to New Highs: 5 Best Stocks YTD). Lower interest rates generally lead to reduced borrowing costs, helping businesses to expand their operations more easily and re
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