Globally, the S&P 500 index is widely regarded as the best single indicator of large-cap US equities and by investing in SPY ETF, you get exposure to some of the best US stocks.
The last trading week of 2021 witnessed another milestone being achieved by S&P 500, a leading US stock market index of a diversified group of large-cap US companies across eleven major industries. S&P 500 got its 69th record close of the year 2021 as US stocks continued showing their momentum. According to Bloomberg, the S&P 500 ended Monday (December 27) near session highs, posting the 69th record close for 2021 with all major industry groups advancing. S&P 500 is at around 4778.3 levels and is up by almost 27.23 per cent for the year.
The impending interest rate hikes in 2022 and the withdrawal of liquidity by the Fed seems to have been discounted by the market as of now. Further, the global investor seems to be banking upon the growth trajectory in…
