S&P Dow Jones Indices is considering changes, according to people familiar with the matter, that could fast-track SpaceX onto the S&P 500 index after its IPO. Peter Singlehurst, head of the private companies team at Baillie Gifford, an investor in SpaceX, discusses the rocket company’s future and what is driving high private market valuations more widely. He joins Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_ ...

Core Viewpoint - The S&P 500 index experienced a decline of 0.4% last week, marking a 0.9% decrease for February, which is only the second monthly drop since April [1] Group 1 - The S&P 500 has been trading within a narrow range this year, with a floor around 6800 and a ceiling at 7000 [1]

Group 1 - The UltraPro S&P 500 ETF (UPRO) is a leveraged ETF aiming to achieve three times the daily return of the S&P 500 index, which can lead to significant risks for long-term investors [2][4][7] - Over the past year, the Vanguard S&P 500 ETF (VOO) rose nearly 15%, while UPRO only increased by 26%, indicating that it did not meet its threefold performance target due to a significant share price decline in early 2025 [6][7] - The risk-return profile of leveraged ETFs like UPRO is heavily skewed towards risk, as they are unlikely to achieve their targeted multiples over the long term, making them less suitable for long-term investment strategies [5][7] Group 2 - The UltraPro S&P 500 ETF employs complex investment techniques to achieve its daily performance goals, which can lead to substantial differences in returns for holding periods longer than one day [2][4] - The mathematical implications of leveraged ETFs mean that losses can be more severe during downturns, requiring much larger gains to recover to previous price levels [5][6] - Investors are cautioned to tread carefully with leveraged ETFs, especially if they are considering long-term investments, as the potential for painful drawdowns during bear markets is significant [4][7]

It's the $64 trillion question. Will there be a stock market crash soon. If you're worried about it, know this.The best approach is to build a sturdy financial foundation and accept that crashes are going to happen sometimes. But here's what some smart financial thinkers think about the likelihood of an upcoming crash. Now, a long-running survey by Yale University economist Robert Schiller shows that respondents expect about a 30% chance of a crash in any given year.How do you define a crash. Well, it's a d ...

Core Viewpoint - Palantir Technologies is currently the most expensive stock in the S&P 500 index, but its high valuation may be justified as the company begins to show profits [1] Group 1: Valuation and Profitability - High valuations are sustainable only if profits follow, and Palantir's profits are starting to materialize [1] - The company is positioned to perform essential tasks in the current economy, which may support its high valuation [1]

Group 1 - Warren Buffett recommends that average investors consider buying an S&P 500 index fund as a way to invest without the complexity of selecting individual stocks [1] - The S&P 500 index is designed to track the U.S. economy rather than just the fluctuations of Wall Street, reflecting the historical growth and innovation of the United States [2] - The index is constructed by a committee that selects large, economically significant companies across various sectors, with stocks weighted by market capitalization [4] Group 2 - The Vanguard S&P 500 ETF is highlighted as a cost-effective option for tracking the S&P 500, with an expense ratio of just 0.03% [5] - A significant concern with the Vanguard S&P 500 ETF is its market-cap weighting, which can result in a few sectors and stocks disproportionately influencing the index's performance [6] - Currently, technology stocks represent 34% of the index, with Nvidia, Apple, and Microsoft alone accounting for nearly 21%, raising concerns for conservative investors about potential downturns in the tech sector [7]

Joining us now is Bill Smei. He's the chief investment officer at Sme Capital Management. Bill, it's great to see you again.Welcome. >> Hey, great to be with you. >> Jump in here.You can pick the housing piece first if there's anything in that last discussion that you know you wanted to chime in on. >> Well, I I I don't want to pick on your prior guest too much, but somebody once said if you put all the economists end to end, you'd never get anywhere. >> Understood.But where so do you come down as as in thi ...

Core Insights - The primary distinction between the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) lies in their scale and investor preferences, as both have similar costs and performance metrics [1][4]. Cost and Size Comparison - Both IVV and VOO have an expense ratio of 0.03% and deliver a similar dividend yield of approximately 1% [3][4]. - As of the latest data, IVV has assets under management (AUM) of $680.6 billion, while VOO has a significantly larger AUM of $1.5 trillion [3]. Performance and Risk Metrics - The one-year total return for IVV is 16.5%, compared to VOO's 18% [3]. - Over a five-year period, the maximum drawdown for IVV is -24.53%, while VOO's is slightly lower at -24.52% [5]. - The growth of $1,000 invested over five years is $1,845 for IVV and $1,842 for VOO [5]. Portfolio Composition - VOO holds 505 stocks with a sector mix led by technology (34.6%), followed by financials and consumer discretionary [6]. - IVV has 503 holdings with a similar sector allocation, with technology at 34.02% [7]. Investment Implications - Investing in S&P 500 ETFs like IVV and VOO provides a cost-effective way to gain exposure to the performance of the 500 largest publicly traded companies in the U.S. [9]. - The recent surge in the S&P 500 index to record highs has also led to record highs for both IVV and VOO [10]. - Investors can benefit from dividends paid by S&P 500 companies, which are collected and passed on by the ETFs [11]. Investor Considerations - Retail investors can choose between VOO and IVV, with VOO's larger size and higher trading volumes potentially offering better liquidity for high-volume traders [12].

Core Viewpoint - Investors are preparing for the Federal Reserve's final interest-rate decision of 2025, with historical data indicating that the S&P 500 index typically experiences a modest gain on Fed decision days in December [1] Group 1 - The Federal Reserve's interest-rate decision is anticipated to have implications for market performance [1] - Historical trends show a pattern of the S&P 500 index gaining modestly on Fed decision days in December [1]

Core Insights - Ares is identified as one of the largest companies by market capitalization that is not currently included in the S&P 500 index [1] Company Overview - Ares has a significant market capitalization, positioning it among the largest companies in the market [1] - The exclusion from the S&P 500 index highlights a potential opportunity for investors to consider the company's growth and performance [1] Industry Context - The S&P 500 index is a key benchmark for large-cap U.S. equities, and companies not included may present unique investment opportunities [1] - Ares' status outside the index may indicate a divergence in market perception compared to its peers [1]