This monthly article series offers a top-down analysis of the S&P 500 Index based on sector metrics focusing on valuation, quality and momentum. It may also help analyze funds based on the index, such as SPDR® S&P 500® ETF (Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed ...