The S&P 500 Is Nearing Record Highs, but This 1 Unstoppable ETF Could Be the Smarter Buy Right Now
This ETF gives investors a smarter way to think about growth and risk.
Overview
The S&P 500 (SNPINDEX: ^GSPC) index closed at 7,537 on July 6, around 1% below its recent record closing high of 7,610 (as of June 2, 2026). The S&P 500 is trading at a forward 12-month price-to-earnings (P/E) ratio of 21.3, above its five-year average P/E of 19.9 and 10-year average of 19.
However, investors do not have to avoid the market altogether. Instead, they can opt to buy shares of the Invesco Nasdaq 100 ETF (NASDAQ: QQQM). This ETF was trading at a forward P/E of 25.1 (as of June 30), according to Invesco. But the ETF offers a more direct exposure to artificial intelligence (AI), cloud computing, semiconductors, and large technology companies that have helped drive the recent market rally.
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Details
Source
Originally published at www.fool.com.