ETF Market Outlook

2024 Midyear ETF Market Outlook Resilience Under Pressure

Surprise! While investors obsessed about the timing and number of Federal Reserve rate cuts this year, the economy stuck the long-anticipated soft landing. So what’s next for investors?

Download Full PDF

Macro View

What Happens After the Soft Landing?

With early gains from the soft landing likely in the rearview mirror, risks are now decidedly skewed to the downside. Still, capital markets have the potential to deliver solid results this year.

Find Out

3 Investment Strategies

Diversify Beyond Mega-cap Stocks

Look beyond the Magnificent 7 for resilient growth. As rate uncertainty persists, prepare for different economic outcomes by balancing quality growth with cyclical value.

Create Balance

Optimize Income with Short-term Core and Credit

Given rate volatility, consider strategies with lower rate risks than broad core bonds. Positive rating trends, fundamental growth, and a growing economy support taking on credit risk — even with today’s tight spreads.

Target Income

Position for Macro Volatility with Real Assets

Stubborn inflation, election season, and geopolitical conflicts could disrupt the market. Real assets — with their ability to fight inflation and low correlations to traditional assets — may help keep portfolios on track.

Get Strategies

Meet the Team

Authors

Michael W Arone, CFA

Chief Investment Strategist

Read Full Bio

Matthew J Bartolini, CFA, CAIA

Head of SPDR Americas Research

Read Full Bio

Contributor

Anqi Dong, CFA, CAIA

Senior Research Strategist

Read Full Bio

Don’t Miss Out

Get more fresh insights into markets and the economy delivered straight to your inbox.

Sign Up

About Our ETF Market Outlook

In this Market Outlook by SPDR ETFs learn what may be next for the economy and markets and where to look for future investment opportunities.

Important Risk Discussion

The views expressed in this material are the views of Michael Arone, Matthew Bartolini and Anqi Dong through the period ended May 21, 2024 and are subject to change based on market and other conditions. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected.

The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. All information is from SSGA unless otherwise noted and has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA's express written consent.

Investing involves risk including the risk of loss of principal.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

The S&P 500® Index is a product of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and have been licensed for use by State Street Global Advisors. S&P®, SPDR®, S&P 500®,US 500 and the 500 are trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and has been licensed for use by S&P Dow Jones Indices; and these trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by State Street Global Advisors. The fund is not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of these indices.