Top ETF Stories of May to Watch in June

Zacks06-03

Wall Street experienced a robust upswing last month (defying the famous adage “Sell in May”), driven by fresh expectations of Federal Reserve rate reductions in the initial phase of the month, strong ...

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This month, all three key U.S. equity indexes soared to unprecedented heights.The S&P 500 surpassed the 5,300 mark, the Dow Jones Industrial Average reached 40,000, and the Nasdaq Composite Index broke through the 17,000 threshold for the first time. The S&P 500, the Nasdaq and the Russell 2000 have gained about 3.4%, 5.7% and 2%, respectively, in the past month, while the Dow Jones has lost 0.3%.Let’s delve a little deeper into the top ETF stories of May.The AI euphoria, which was considered an overhype, once again took the spotlight thanks to NVIDIA's  exceptional earnings report. The report has infused considerable optimism into the global AI wave.The execution of AI requires significant energy resources. To meet that high demand, the usage of clean energy has bee","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"OEX":"标普100","LU0109391861.USD":"富兰克林美国机遇基金A Acc",".SPX":"S&P 500 Index","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","SPXU":"三倍做空标普500ETF","IVV":"标普500指数ETF","VOO":"Vanguard标普500ETF","OEF":"标普100指数ETF-iShares","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4587":"ChatGPT概念","SPY":"标普500ETF","NVDA":"英伟达","SOXQ":"Invesco PHLX Semiconductor ETF","FLOT":"浮动利率债券ETF-iShares","SIVR":"Aberdeen Standard Physical Silver Shares ETF","UPRO":"三倍做多标普500ETF","COMP":"Compass, Inc.","PBDC":"Putnam Bdc Income ETF","CTEX":"ProShares S&P Kensho Cleantech ETF","SSO":"两倍做多标普500ETF","AVDV":"Avantis International Small Cap Value ETF","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4579":"人工智能","BK4079":"房地产服务","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","HYDR":"Global X Hydrogen ETF","SDS":"两倍做空标普500ETF","FDN":"First Trust Dow Jones Internet I","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","SH":"标普500反向ETF","XSMO":"Invesco S&P SmallCap Momentum ETF"},"translate_title":"6月份值得关注的5月份热门ETF故事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBDC":1,"XSMO":1,"SOXQ":1,"SIVR":1,"NVDA":1,"HYDR":1,"FLOT":1,"CTEX":1,"AVDV":1,"FDN":1,"COMP":0.9,"US7Y.BOND":0.9,"US6M.BOND":0.9,"US5Y.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US12M.BOND":0.9,"US10Y.BOND":0.9,"VOO":0.78,"SPY":0.78,"ESmain":0.6,"US912797HE00.BOND":0.6,"US912797GW17.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GB79.BOND":0.6,"US912797FS14.BOND":0.6,"IVV":0.6,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,".SPX":0.6,"OEX":0.6,"OEF":0.6},"content_text":"Wall Street experienced a robust upswing last month (defying the famous adage “Sell in May”), driven by fresh expectations of Federal Reserve rate reductions in the initial phase of the month, strong corporate results, and the artificial intelligence (AI) craze. This month, all three key U.S. equity indexes soared to unprecedented heights.\nThe S&P 500 surpassed the 5,300 mark, the Dow Jones Industrial Average reached 40,000, and the Nasdaq Composite Index broke through the 17,000 threshold for the first time.  The S&P 500, the Nasdaq and the Russell 2000 have gained about 3.4%, 5.7% and 2%, respectively, in the past month, while the Dow Jones has lost 0.3%.\nLet’s delve a little deeper into the top ETF stories of May.\nFed Rhetoric Regarding Rate Cuts\nAlthough the Fed rate cut bets strengthened in early May, rising rate worries resurfaced at the end of the month due to sticky inflation and hawkish Fed minutes. There is lingering uncertainty over the timing of the rate cuts, which recently cast a pall over investor confidence.\nThe benchmark U.S. treasury yield was 4.55% on May 30 versus the monthly closing high of 4.63% recorded on May 1 and a low of 4.36% recorded on May 15. Approximately 82% of global fund managers anticipate the Fed's initial rate cut in the latter half of the year. \nIn the 12 months through April, the PCE price index advanced 2.7% after advancing 2.7% in March. Economists polled by Reuters had forecast that it would climb 0.3% in the month and 2.7% on a year-on-year basis. Investors would carefully assess U.S. economic data points and further Fed rhetoric to gauge the timeline of the first rate cut.\nIf rates remain higher for longer, high interest rate-beating ETFs will likely do well. iShares Floating Rate Bond ETF FLOT, which performs well in a rising rate environment, has advanced about 0.5% past month. The fund yields 5.37% annually. Putnam BDC Income ETF PBDC, another beneficiary of the rising rate backdrop, has gone up 2% past month. The fund yields 9.07% annually.\nUS Economy on Strong Footing\nRecent data indicates that the U.S. economy is on track for another robust GDP increase in the second quarter. In May, U.S. business activity surged to its quickest rate in over two years following a couple of months of moderated growth, with the service sector leading the charge. The U.S. consumer confidence climbed in May, reversing a three-month downward trend.\nIf the U.S. economy remains strong, domestically-focused small-cap ETFs tend to do well. Avantis International Small Cap Value ETF AVDV and Invesco S&P Small-Cap Momentum ETF XSMO are up 6.1% and 6.7%, respectively, past month.\nWill the AI Rally Continue?\nThe AI euphoria, which was considered an overhype, once again took the spotlight thanks to NVIDIA's (NVDA) exceptional earnings report. The report has infused considerable optimism into the global AI wave.\nThe execution of AI requires significant energy resources. To meet that high demand, the usage of clean energy has been on the rise. Hydrogen ETFs like Global X Hydrogen ETF HYDR (up 27.4%) and other clean ETFs like ProShares S&P Kensho Cleantech ETF CTEX (up 21.9%) soared in the month of May.\nThe ongoing AI boom, which led to an increased need for clean and sustainable energy made this possible. Can the rally continue in June? Most likely, but the wining momentum may be a tad slower (read: Hydrogen ETFs Soared in May: Here's Why).\nNasdaq Hit 17,000-Mark for the First Time in May: More Gains Likely?\nKey U.S. equity indexes hit several records in May. Although worries about higher-for-longer rates have been doing rounds, the sentiment on Wall Street toward stocks is increasingly positive, reflecting a brighter outlook for both earnings and economic expansion.\nIn the last two weeks, three equity strategists have raised their end-of-year forecasts for the S&P 500. With tech demand remaining strong thanks to the AI boom, we expect the rally in the S&P 500 and the Nasdaq to continue in June.\nSemiconductor was the winning tech area in May and Invesco PHLX Semiconductor ETF SOXQ has added 12.4% past month. The average P/E ratio of the fund is 38.5X, which is lower than that of P/E ratio held by ETFs like SHOC and SMH. We can see a further rally in SOXQ.\nWill Silver Keep Soaring in June?\nSilver has experienced a notable rally in 2024, with abrdn Physical Silver Shares ETF SIVR adding 14.4% in May.The rally is attributed to various factors, including chances of easing monetary policy in the United States, geopolitical tensions, and increased central bank buying, particularly from China. Silver’s industrial demand is high. However, if rates remain higher for longer, silver bullion may remain subdued.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nabrdn Physical Silver Shares ETF (SIVR): ETF Research Reports\niShares Floating Rate Bond ETF (FLOT): ETF Research Reports\nInvesco S&P SmallCap Momentum ETF (XSMO): ETF Research Reports\nAvantis International Small Cap Value ETF (AVDV): ETF Research Reports\nInvesco PHLX Semiconductor ETF (SOXQ): ETF Research Reports\nGlobal X Hydrogen ETF (HYDR): ETF Research Reports\nProShares S&P Kensho Cleantech ETF (CTEX): ETF Research Reports\nPutnam BDC Income ETF (PBDC): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2440998534"}