October kicked off with a familiar refrain, echoing the turbulence that characterized September. Once again, the persistent surge in Treasury yields takes center stage, creating an atmosphere of uncertainty and unease among traders.
The SPDR S&P 500 ETF Trust (ARCA: SPY) experienced an outstanding $18.1 billion in net inflows in May, the greatest flow performance since December 2021, when the fund received $25.6 billion, according to Koyfin data.
The ETF is the world's biggest with approximately $400 billion in assets under management.
This is a part of a transcript of a conversation between Jeff Black, VP of Content and Education at Tornado, and his guest John Normand, in March 2023.
Value stocks fell to a seven-month low in relation to growth stocks, already lagging by more than 20% year to date on the heels of an AI-related rally propelling equities in the technology sector.