SPDR S&P 500 ETF Trust(SPY) price analysis shows weak longterm outlook
SPDR S&P 500 ETF Trust(SPY) currently trades at $257.62 and has grown by 4.26 in the past 24 hours. The rule book from previous crises no longer applies; the shift to passive investing and the speed of devastation in the real economy are forces we haven’t dealt with before.
Based on this information, investorsQ rates this stock a 6 out of 10. We give it this rating because The Fed may be able to prevent immediate collapse today, but could wind up causing debilitating inflation in the long term. The high forecast for SPDR S&P 500 ETF Trust is $378 and the low is $197. Notably, the company’s market cap is $238.54 billion with a 52 week high of $339.08 and a 52 week low of $218.26.