Ishares 20+ Year Treasury Bond ETF (NASDAQ: TLT) was trading up over 1% higher Monday due to its inverse correlation to the SPDR S&P 500 ETF Trust (NYSE: SPY).
There's a chance the stock market rally is over and the long-awaited correction is here. If so, astute investors can hedge their portfolios or even profit from a market sell-off.
The SPDR S&P 500 (NYSE: SPY) opened down more than 1% Monday morning near a support level at $433.69 and bounced. Traders and investors are likely feeling wary about the Federal Reserve’s meeting on Sept. 21 and Sept.
Cathie Wood-led Ark Invest on Friday continued trimming its stake in Tesla Inc (NASDAQ: TSLA) and increased its exposure in Walt Disney Co (NYSE: DIS) on Friday.
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The SPDR S&P 500 ETF Trust (NYSE: SPY) has finally broken the uptrend line its formed this year.
Since January, the SPY has tested or traded close to this uptrend line on numerous occasions. Each time it bounced back and the rally moved ahead...but not this time.
Cathie Wood-led Ark Invest has reduced its exposure in Tesla Inc (NASDAQ: TSLA), by an estimated $300 million so far in September as the popular investment management firm further sold shares in the electric vehicle maker on Thursday.<