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In One Chart: As the S&P 500 surges from March lows, investors fled the most popular stock-market fund—here’s what one analyst says that means

Tom McClellan, market technician and publisher of the McClellan Market Report, says investors are fleeing one of the most popular exchange-traded funds on Wall Street, even as stocks rally off their March lows. The State Street-sponsored SPDR S&P 500 ETF Trust SPY, +1.65%, which offers investors exposure to S&P 500 …

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