The SPDR S&P 500 ETF Trust(NYSE:SPY) has been experiencing a strong bull cycle recently despite the confirmed longer-term bear cycle caused by soaring inflation, rising interest rates and fears of a looming recession.
The ETF was also heavily boosted last week by very bullish reactions to a number of big tech stocks reporting earnings, such asApple, Inc(NASDAQ:AAPL) andAmazon.com, Inc(NASDAQ:AMZN)
On Wednesday, the ETF experienced one of its most bullish days in recent history, soaring up 1.77% in a somewhat surprising reaction to the Federal Reserve's decision to raise the benchmark...
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