Global X S&P 500 Tail Risk ETF Price & Performance (XTR)

U.S. stocks surged after a major tariff agreement with Japan was announced, reducing auto tariffs and boosting cooperation in semiconductors. The S&P 500, Nasdaq, and Dow all posted strong gains. Automotive and tech sectors led the rally, reflecting renewed investor optimism about trade policy and supply chain resilience.12

Despite a sharp drop in the Volatility Index from above 50 to below 25, analysts warn that U.S. equity markets may not have bottomed out. The ongoing effects of tariffs and trade disruptions, particularly with China, have led to expectations of further bankruptcies and layoffs if no new deals emerge soon.23

The Cambria Tail Risk ETF declined for a fourth consecutive day, closing at $12.70. While short-term momentum remains weak, long-term indicators suggest potential for gains over the next three months. Analysts recommend holding the ETF for now, as the market continues to navigate volatility and shifting sentiment.45