The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at the lowest levels since last March despite earnings rising. SPY stock reached historically oversold readings before bouncing. The CBOE Volatility Index is showing a buy signal — sell put spreads to be a buyer at a 10% discount. Source: Shutterstock Shares of the SPDR S&P 500 ETF (NYSEARCA:SPY) look to have finally found a floor after falling over 18% from the all-time highs over $475 in early January. That means SPY stock might be a bargain here.
U.S. consumer prices rose at a slightly slower pace in April compared to March, though persistent supply-side disruptions still kept inflation near its highest level in 40 years.