Buy The Dip Just Took a Bit Longer as S&P 500 Recovers From Rout
- ETF investors sent $28 billion to U.S. stocks since August
- The index is now less than 1.5 percent from an all-time high
Which Sectors Stand to Benefit When Rates Go Up?
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Who stands to win with the Standard & Poor’s 500 Index posting its biggest monthly advance since 2011? How about investors who started pumping money into the market as U.S. stocks bottomed in August and haven’t stopped since.
Clients of exchange traded funds sent a net $28 billion to ETFs tracking American equities since the S&P 500 hit a 10-month low on Aug. 25, data compiled by Bloomberg show. The trades are proving to be profitable amid a rally that in October amounted to the biggest monthly advance in four years. By contrast, investors pulled $3.7 billion out of funds in the 30 days leading up to October 2011, the last time the S&P 500 rallied more than 8 percent in a single month.