SPY is the ticker symbol for the ETF representing the S&P 500. This is one of the most popular ETFs in the world and there’s a very active options market that many traders use to speculate on US stocks.
The S&P 500 is an American stock index consisting of the 500 largest listed companies in the US. The related futures market, ES, has one of the most popular trading assets in the world and the ETF was designed to give investors access to this index via the stock market.
This ETF can make an ideal long term investment given its built-in diversification and its low cost structure. It will track the performance of large cap US indices, because it is that index. For short-term traders or long-term investors, SPY can be an ideal fit. Swing traders may be more inclined to opt with the futures contract given the wider trading hours that are available.
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