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 ...

With matching costs and portfolios, the real distinction between these S&P 500 ETFs comes down to scale and investor preferences.The iShares Core S&P 500 ETF (IVV +0.88%) and the Vanguard S&P 500 ETF (VOO +0.89%) are nearly indistinguishable in terms of cost, performance, and portfolio composition. VOO, however, stands out for its sheer scale, with significantly greater assets under management.Both IVV and VOO replicate the S&P 500 (^GSPC +0.88%)index, aiming to capture the performance of the 500 largest pu ...

Investors were bracing for the Federal Reserve's final interest-rate decision of 2025 on Wednesday, with history showing that the S&P 500 index has tended to see a modest gain on Fed days in December. ...

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]

RBC Capital Markets strategists predicted the S&P 500 index would rise by more than 10% for a fourth straight year, the latest to issue a bullish forecast on Wall Street https://t.co/IPk9TP45Da ...

Core Insights - 1578 Partners outperformed the S&P 500 index in Q3, achieving a return of 14.37% compared to the index's 13.93% [1] Company Performance - 1578 Partners serves as the model account for taxable accounts managed by Hinde Group [1]

Core Insights - Etsy's valuation may have reached a low point, potentially setting the stage for future outperformance if a new partnership drives growth [1][10] - The company was removed from the S&P 500 due to its stock no longer representing large U.S. companies, reflecting a shift to a small-cap status [2] - Despite a significant stock decline of approximately 80% since its peak in late 2021, Etsy's business has remained resilient, generating substantial free cash flow [3][4] Valuation and Buybacks - Etsy's shares are currently trading at a price-to-free-cash-flow valuation of less than 14, one of the lowest since its IPO [4] - Over the past three years, Etsy has reduced its outstanding shares by 21% through substantial stock buybacks [5] Historical Performance and Future Potential - Historical data suggests that stocks removed from the S&P 500 tend to underperform initially but may outperform the market over a five-year horizon [8][9] - The decline in stock price often leads to a lower starting point for future returns, indicating that Etsy's current low valuation may present an opportunity [10] Adoption Trends and Growth Catalysts - Etsy's active buyers decreased by nearly 5% in Q2 2025, highlighting a challenge in user adoption [11] - The integration of ChatGPT with Etsy's platform could provide a new shopping experience, potentially boosting user engagement and growth [13] Comparative Analysis - eBay serves as a relevant example, having faced similar growth challenges but managed to reduce its share count significantly, leading to a 141% stock increase over three years despite low revenue growth [14][16] - If Etsy can leverage the ChatGPT integration to improve its growth rate, it may follow a similar trajectory to eBay and outperform the market [16]

Core Viewpoint - The initial tech-driven rally in the market is beginning to expand, which is expected to support further increases in major indexes like the S&P 500 [1] Group 1 - The broadening of the rally is seen as a positive sign for market indexes, indicating a potential for sustained growth [1]

Core Insights - Robinhood Markets Inc. (NASDAQ: HOOD) has experienced significant stock price appreciation, reaching an all-time high of $132.89 on September 29, 2025, with a year-to-date increase of 234% and a five-year rise of 278% [1][2] - The company has joined the S&P 500 index, reflecting its growth and market capitalization of $115.3 billion, positioning it among the largest fintech firms in the U.S. [2][3] - Despite strong fundamentals, some analysts express concerns about overvaluation, with one analyst downgrading the stock from "buy" to "hold" due to stretched valuations compared to peers [3][4] Financial Performance - In Q2 2025, Robinhood reported $539 million in transaction-based revenue, with $160 million (approximately 30%) derived from crypto trading, indicating the importance of digital assets to its business model [2] - The company's net revenue from crypto trading accounted for 16% of overall net revenue in Q2 2025, a decrease from 43% in Q1 2025 [2] Analyst Ratings and Price Targets - The average price target for Robinhood is $127.41, with a high of $160.00 and a low of $104.00, indicating a potential downside from the last price of $131.05 [4] - Some analysts remain optimistic, with Piper Sandler raising its target to $140 and BofA Securities increasing its target to $139, citing product enhancements and market strength [5][6] - Citi analyst Christopher Allen raised his target from $120 to $135 but maintained a "Neutral" rating, suggesting that much of the upside has already been priced in [7] Market Position and Outlook - Robinhood is currently one of the top-performing stocks of 2025, but concerns about valuation may lead to increased volatility as investors weigh near-term risks against long-term growth potential [8]

Core Viewpoint - Investors should not feel excluded from the market despite the S&P 500 index reaching new highs in the second half of 2025 [1] Group 1 - The S&P 500 index has been consistently achieving higher highs [1] - Jim Cramer, a well-known investor, acknowledges that it may seem like there are limited buying opportunities [1]