The S&P 500 Just Hit a 2-Month Winning Streak. Now What?

Why It Matters

The sustained S&P 500 rally and outsized gains in tech‑linked and commodity ETFs signal a shift toward growth and hard‑asset exposure, while over‑weight bond positions may erode returns, prompting investors to rebalance for higher‑conviction themes.

Key Takeaways

• S&P 500 posted eight‑week winning streak, signaling continued rally potential.
• Commodity ETF SDCI surged ~29%, recommending core exposure for portfolios.
• Semiconductor leveraged ETFs like SOXX and SOXL outperformed, up 77%‑353%.
• Bonds may be over‑weighted; safety bucket should avoid them per Posen.
• Tech‑heavy billionaire holdings underscore AI and metal demand for investors.

Summary

The episode of ETF Guide highlighted the S&P 500’s eight‑week rally – its first two‑month winning streak since early 2024 – and examined what that momentum means for investors across asset classes.

Since the market close of May 22, the S&P 500 (SPY) is up 9.6% year‑to‑date, while the core commodities ETF SDCI has risen roughly 29%. Semiconductor exposure has been especially lucrative, with leveraged funds such as SOXL gaining over 350% and unleveraged SOXX up about 78%. Energy and uranium ETFs also posted double‑digit gains, whereas bonds and Bitcoin lagged behind.

Host Ronda Ley cited Robert Posen’s Wall Street Journal column warning that high‑net‑worth investors may be over‑invested in bonds, arguing that bonds no longer guarantee safety. She also referenced the Bloomberg Billionaires Index, noting that technology and AI‑related assets dominate the top‑ten fortunes, reinforcing the sector’s long‑term appeal.

For portfolio construction, Ley recommends placing SDCI in the core bucket, treating sector‑specific ETFs as non‑core, and trimming bond exposure in the safety bucket. The data suggests a continued bias toward tech, commodities and critical‑material plays as the market rides the S&P 500’s upward trajectory.

Original Description

In this episode, Ron DeLegge @etfguide 2026 performance updates on the S&P 500 industry sectors, Bitcoin, gold, silver, commodities and leveraged ETFs.

Ron explains why bonds aren't safe for protecting investors during crisis and unstable markets.

YOUR RESOURCES FROM RON

SAFETY: A GUIDE FOR INVESTORS (Free course) https://payhip.com/b/pNPUR

HABITS OF THE INVESTING GREATS (Free course) https://payhip.com/etfguide/collection/courses

RETIRE SECURELY (Free course) https://payhip.com/etfguide/collection/courses

UPGRADE: Your 401k plan with ETFs https://www.etfk.com/

ETF GUIDE: https://www.etfguide.com/

ETF LINKS

Sprott Precious Metals ETFs: https://sprottetfs.com/

Top Commodities ETF ticker SDCI: https://www.uscfinvestments.com/sdci

Leveraged ETFs from Direxion: https://www.direxion.com/

Performance figures are through the 5/22/26 market close. Historical performance is not a guarantee or warranty of future results. Read the prospectus before investing.

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#stocks #ETF #usdebt #semiconductor #bonds