Bullish Bets Come in for S&P 500 Ahead of New Year
Portfolio Pulse from
The S&P 500 has seen a significant increase of over 27% year to date, with bullish bets for 2025 already being placed. Oppenheimer, an ETF provider, has set an ambitious price target of 7,100 for the index.
December 11, 2024 | 1:45 pm
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POSITIVE IMPACT
The S&P 500's strong performance and bullish outlook for 2025 could positively impact SPXL, a leveraged ETF that tracks the index.
SPXL is a leveraged ETF that aims to provide 3x the daily performance of the S&P 500. The index's strong YTD performance and bullish 2025 target by Oppenheimer suggest potential gains for SPXL.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80