Wall Street's Rally Brought $5 Trillion In Wealth To US Households — Just In Time For Christmas
Portfolio Pulse from Piero Cingari
The 'Santa Rally' on Wall Street has led to a significant increase in U.S. household wealth, with the S&P 500 index rising by 10.2% in Q4, potentially adding $5 trillion to household wealth. The SPDR S&P 500 ETF Trust (SPY) tracked this increase. Treasury bonds also saw gains, with the Invesco Equal-Weight 0-30 Year Treasury ETF (GOVI) up by 7.8% and the iShares 20+ Year Treasury Bond ETF (TLT) rallying by 13% in the same period.
December 15, 2023 | 9:31 pm
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POSITIVE IMPACT
The Invesco Equal-Weight 0-30 Year Treasury ETF (GOVI) saw a 7.8% increase in Q4, which could lead to a positive short-term impact on its price.
GOVI's performance is tied to Treasury bonds, which have experienced a strong rally in Q4. This positive trend is likely to influence GOVI's short-term price positively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) mirrors the S&P 500's 10.2% increase in Q4, indicating a substantial rise in value that could positively impact its short-term performance.
SPY directly tracks the S&P 500, which experienced a significant rally. This increase is likely to have a direct positive impact on SPY's short-term performance, as it reflects the index's gains.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (TLT) rallied by 13% in Q4, suggesting a positive short-term impact on its price.
TLT's performance is closely linked to the long-dated Treasury bonds, which have seen a significant rally in Q4. This is expected to have a positive impact on TLT's short-term price movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80