Analysts tracking ETF flows noted that SPYG stock price benefited from $350M in net inflows over the past two weeks, a signal that institutional investors are leaning into growth segments despite cautious macro commentary. Trump reignited global trade tensions by threatening new tariff rates, ranging from 25% to 40% on more than a dozen countries starting Aug. 1. The United States will impose 25% tariffs on goods from South Korea and Japan, and a 30% tariff on goods from the European Union and Mexico from Aug. 1. Trump also announced sweeping tariff measures, including a 35% levy on Canadian imports and proposed universal tariffs of 15%–20% on most major trading partners. He confirmed 50% duties on Brazilian goods and copper shipments. Trump also warned that BRICS countries could face an additional 10% tariff, accusing the group of attempting to harm the United States and weaken the U.S. dollar. The President also escalated tensions with Russia, announcing potential "secondary" tariffs of up to 100% in response to the war in Ukraine, alongside a pledge to supply weapons to Ukrainian forces. Though the escalation adds to fears that global trade tensions could resurface and strain the broader economy, markets now view Trump’s tariff threats as negotiating tactics rather than guaranteed policy moves. SPMO has historically outperformed SPY in bull markets, with a 45.81% return in 2024 compared to SPY’s 24.89%. Over the past 1, 3 and 5 years, SPMO consistently delivered higher returns (45.83%, 19.95% and 19.80%) than SPY (26.23%, 11.81% and 15.08%), benefiting from its momentum-based strategy. SPYG stock price registered a 1.1% gain in the past month, a move underpinned by stronger manufacturing PMI releases that bolstered investor sentiment towards growth-oriented U.S. equities. Technical pullbacks have been shallow.