Time: 2024-08-06
The iShares Core S&P 500 ETF ( IVV ) is the second most popular ETF tracking the S&P 500 index , behind the SPDR S&P 500 ETF ( SPY ) . IVV boasts lower management fees with an expense ratio of only 0.03 % . The monthly dashboard series reports sector metrics within the S&P 500 index , providing top - down analysis for all ETFs linked to this index . The dashboard methodology includes calculating fundamental ratios like Earnings Yield , Sales Yield , Free Cash Flow Yield , Return on Equity , and Gross Margin for each sector.
The Value Score ( VS ) and Quality Score ( QS ) are calculated by comparing valuation and quality metrics to historical baselines . Sectors like energy have shown strong value and quality scores , while healthcare , materials , and utilities are overvalued compared to their baselines . The S&P 500 has seen a 22.4 % gain in the past 12 months , with momentum skewed towards mega - cap companies . Industries like technology and industrials are currently overvalued based on the metrics provided.
An analysis before the market opens on July 30 , 2024 , highlighted the bearish momentum in the S&P 500 . The market environment showed a bullish vs. bearish setup ratio of 583 to 59 , indicating a potential shift in momentum . The rotation from the Nasdaq 100 to the Russell 2000 has increased volatility , impacting breakout setups . Three stocks , including American Express ( AXP ) , KB Home ( KBH ) , and Jefferies Financial Group ( JEF ) , were identified as having potential for significant movement.
The session before the market open discussed spotting weakness in the S&P 500 based on past analogues and key indicators for identifying bearish momentum . Additionally , downside targets for the S&P 500 were highlighted , along with insights into breakout setups and potential trade entries . As the market continues to evolve , monitoring technical indicators and sector analysis will be crucial for making informed investment decisions.
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