Fund BasicsSee More
- Fund Family State Street Global Advisors
- Assets Under Management 1,830,781,000
- Shares Outstanding, K 43,250
- 60-Month Beta 1.65
|Period||Period Low||Period High||Performance|
| || |
-1.12 (-2.69%)since 08/20/21
| || |
-0.80 (-1.94%)since 06/18/21
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+14.89 (+58.12%)since 09/18/20
The U.S. economy added 235,000 jobs in August 2021, the lowest in seven months and well below the forecast of 750,000.
The S&P 500, the Dow Jones and the Nasdaq Composite lost 0.4%, 0.4% and 1.1%, respectively, last week.
The U.S. economy added 850,000 jobs in June 2021 (after rising 559,000 in May), beating market expectations of a rise of 700,000.
We discuss the market outlook and ETF strategies for the rest of 2021.
The ISM Manufacturing PMI for the month of April missed expectations. Still, some areas and their related ETFs should stay strong.
On May 4, Treasury Secretary Janet Yellen commented that interest rates may need to rise modestly over time to keep the U.S. economy from overheating, though she clarified later on that she is not "predicting...
The Institute for Supply Management's (ISM) index of national factory activity rose to a reading of 60.8 in February (which had been the highest since February 2018) from 58.7 in January.
Though the Fed Chair Powell said on Feb 23 that inflation is still 'soft', we expect the reflation trade to remain steady in the near term on stimulus hopes.
The ISM Manufacturing PMI dropped to 58.7 in January of 2021 from 60.5 in December which was the highest since August 2018 and below market forecasts of 60.
The ISM Manufacturing PMI for the United States rose to 60.7 in December 2020 from 57.5 in November and beat forecasts of 56.6.
|3rd Resistance Point||44.40|
|2nd Resistance Point||43.84|
|1st Resistance Point||43.09|
|1st Support Level||41.78|
|2nd Support Level||41.22|
|3rd Support Level||40.47|