Current market mentality:
1. Nvidia Stock is UP: S&P 500 goes to new all time high
2. Nvidia Stock is FLAT: S&P 500 goes to new all time high
3. Nvidia Stock is DOWN: S&P 500 falls just 30 points
Yesterday, Nvidia marked its largest percentage drop since May 31st, 2023.
It also marked the single largest loss of market cap in day for $NVDA, at $128 billion.
Yet, the S&P 500 fell just 30 points after a 27% run in 4 months.
Since Nvidia, $NVDA, bottomed on October 27th, the S&P 500 is up exactly 1,000 points.
Is this the most resilient market of all time$S&P 500(.SPX)$ $NVIDIA Corp(NVDA)$
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