SPY vs $SPX divergence

Discussion in 'ETFs' started by murrica, Mar 15, 2013.

  1. murrica


    Forgive me if this is a simplistic question.

    Why did SPY diverge heavily (downward) from $SPX today? It is not as though an ETF is like a futures contract, which rolls over and has a cost of carry, right? Or does it? What am I missing?

    Thanks in advance for your insight and objective input.
  2. murrica


    Hehe, nice. I always use let me google that for you when I wish to subtly insult the person asking a question that was easily google-able.
  3. murrica


    Thanks for your input, that was the info I needed. Duh!
  4. It does serve that purpose on occasion lol.

    Wasn't the intent this time. Glad it answered your question.