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...and Tom Emmer tried and failed to succeed the toppled Kevin McCarthy....
...Kevin Gordon is a senior investment strategist at Charles Schwab, and, more importantly, a co-OG winner of the FTAV charts quiz....
...Flows into S&P 500 ETFs were boosted by a technical factor last year when the $533bn SPDR S&P 500 ETF Trust (SPY) pulled in $31bn in two days in December....
...Johnson swiftly established himself as a fierce defender of Trump....
...While PP may be a perfectly logical ticker for the Meet Kevin Pricing Power ETF, “it’s hard not to say that and not sound like a young boy trying to tell a joke”, said Rosenbluth....
...Johnson was also able to placate congressional Democrats, who proved unwilling to do deals with his backslapping predecessor, Kevin McCarthy....
...Democrats failed to come to the rescue of former Speaker Kevin McCarthy when he faced a rebellion last year, but have signalled in recent days that they are open to bailing out Johnson should he face a similar...
...As we settle into our seats at The Monocle, a steak and seafood restaurant a stone’s throw from the US Capitol, Kevin McCarthy points out a small plaque on the wall, just above the salt and pepper shakers...
...that led to the removal of Kevin McCarthy as Speaker last year....
...Mike Johnson, a little-known Republican congressman from Louisiana and loyal ally of Donald Trump, was ultimately elected with the unanimous support of House Republicans as the new Speaker....
...Johnson, a congressman from Louisiana, was only elected Speaker last October after a Trump-aligned faction of lawmakers ousted Kevin McCarthy after he struck a deal with Democrats to keep the government...
...ing] uncapped exposure to the S&P 500, while buffering against the possibility of significant losses”....
...By this measure, model portfolio assets rose 48 per cent from $286bn to $424bn in the two years to June 2023, a period during which the S&P 500 was broadly flat....
...“It’s a rough day for tech stocks,” said Kevin Gordon, a senior investment strategist at Charles Schwab....
...The S&P 500 stock index has touched the milestone of 5,000 for the first time, setting a record high as a narrow group of companies continued to drive the benchmark upwards....
...early 1970s — before slipping a fraction to 32.1 per cent at the end of 2023, according to data from S&P Dow Jones Indices....
...It was a show of unity for a Republican party that had for more than three weeks struggled to unite behind a candidate after Kevin McCarthy was ousted at the hands of a rebellion led by Florida congressman...
...“I suspect the money following the S&P 500, if that is what they go into, is much larger,” he added. “The S&P 500 is just a bigger pot. The FTSE is a dot compared to the S&P market cap.”...
...The main index in the US is the S&P 500. You can buy funds that contain all 100 companies in the Footsie for example, or 500 companies in the S&P....
...Sternfels is credited with restoring stability after the ousting of his predecessor Kevin Sneader, whose leadership was overshadowed by a legal and public backlash over McKinsey’s work for opioid manufacturers...
...Unlike his predecessor Kevin McCarthy, Johnson is not expected to pay a political price for striking a deal to avoid a shutdown....
...“However, given the pre-existing base in America for [passive] ETFs tied to the S&P 500 and Bloomberg Aggregate indexes, active is likely to remain less than 20 per cent of the pie in the next decade,” he...
...The flipside is that investors would not be able to take full advantage of a boom year, potentially seeing their gains capped at only 15 per cent or so in a year in which the S&P 500 rises by more than this...
...They think the latest proposal is little changed from the package agreed between Biden and Johnson’s predecessor Kevin McCarthy....
...Other vehicles such as the Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF (ZZZ), which provides exposure to bitcoin futures and Wall Street stocks, launched late last year....
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