Nationwide S&P 500 Risk-Managed Income ETF Price & Performance (NSPI)

The latest earnings season has seen 72.8% of S&P 500 firms reporting results above analyst forecasts, a notable improvement from last week. Despite this, the SPY ETF remains below key technical resistance zones, and market sentiment, while improved, is still cautious. Major tech earnings are due this week.1

Recent market swings are being fueled by shifting U.S. tariff policies and investor anxiety. The S&P 500 is down nearly 5% for 2025, with strategists warning of further downside. Emotional-driven selling has increased, and some analysts now expect additional declines before stability returns.23

Warren Buffett's Berkshire Hathaway recently exited small S&P 500 index fund holdings, sparking speculation. However, Buffett reaffirmed his long-term optimism for U.S. equities, emphasizing that most of his managed assets will remain in the country, signaling continued faith in the American market's resilience.4