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  1. avatar Tregnier says:

    Happy New Year Dan to you and your family!
    Thank you for everything!
    My question: Is the SPY price action reflective of the price changes of the individual stocks within the ETF or is it from institutions and traders buying/selling the ETF? Or, a combination of both? Just something I have wondered not just applying to SPY but other indexes as well. I just so happen to pay extra attention to the SPY.
    I am thinking a combination of both, but to what degree?
    Please feel better very soon 🙂
    Teri

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