Anyone know why there is such a difference on a day to day basis between the SP500 and the tracking stock SPY?
SPY tracks the SP500 very closely over most time frames lasting longer than a day or two, but on an intraday basis its all over the place.
For example, as I post this the SP500 is +5.89 points or +0.62% but SPY is -0.17% for the day. Thats more than 3/4 of a percent difference. This happens alot and makes no sense to me.
SPY tracks the SP500 very closely over most time frames lasting longer than a day or two, but on an intraday basis its all over the place.
For example, as I post this the SP500 is +5.89 points or +0.62% but SPY is -0.17% for the day. Thats more than 3/4 of a percent difference. This happens alot and makes no sense to me.