The S&P 500 index has recovered significantly, climbing 20% since its low in April, following concerns over President Trump’s import tariffs that briefly pushed it into a bear market. Recent trade deals with the U.K. and China have rekindled investor optimism about manageable tariff levels.
Fundstrat managing partner Tom Lee maintains his S&P 500 year-end target of 6,600, indicating a potential 10% increase from the June 3 closing level. As of May 30, data shows 78% of S&P 500 companies that reported earnings delivered positive surprises, contributing to this market rally.
The Vanguard S&P 500 ETF (NYSEMKT: VOO), with an expense ratio of 0.03%, is suggested as a low-cost investment option for those looking to capitalize on the index’s performance.
