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Spy is trading Nasdaq. I bought Spy because it is a fund family of SPDR estate street global advisors. It is an ETF and this investment seeks to provide investment results that before expenses correspond generally to the price and yield performance of the S&P 500 A index and the trust seeks to achieve its investments objectives by holding a portfolio of common stocks that are included in the index.
The rationale for my purchase of SPY is similar to that of my purchase of QQQ - we're currently in a bull market that shows few signs of stopping, though I'll be watching market activity closely in case of a correction. I suspect that when the correction to this nine-year bull market ultimately comes, it could be devastating.
Long position, part of our passive strategy. S&P 500 is a neutral and well-diversified indicator of american stock market performance. We believe the tax reform will increase the profitability of US companies and this will be reflected positively in the stock returns.