The S&P 500 index has had a decent run this year, gaining 14.2% year-to-date. Despite the overall gains, the index has undergone periods of volatility due to the uncertain macroeconomic and geopolitical environment, as is evident from the index’s 1.9% decline over the past three months.
The SPDR S&P 500 ETF Trust (SPY), which closely tracks the S&P 500 for returns, could be a solid buy now for reasons explained throughout this article.
