SPDR S&P 500 ETF Slides 2.5% Monthly to $668 Despite Bullish Sentiment
SPDR S&P 500 ETF Trust has declined 1.28% over the past week and 2.54% over the past month to $668, even as VIX spikes and $100 oil, yet traders remain bullish. This ETF has weathered every major geopolitical shock over the last 30 years and demonstrates resilience despite fresh conflict in the Middle East.
1. Weekly and Monthly Performance
SPDR S&P 500 ETF Trust fell 1.28% last week and 2.54% over the past month, reaching $668.00 per share on Thursday morning as broad market volatility picked up.
2. Bullish Trader Positioning
Despite the VIX jumping above key thresholds and oil prices climbing past $100 a barrel, options flow and futures positioning reveal a net bullish bias on the ETF, suggesting confidence in a market rebound.
3. Historical Geopolitical Resilience
Over the past 30 years, the ETF has consistently recovered from major geopolitical crises, and investors largely view fresh Middle East tensions as unlikely to derail this enduring trend.