Big tech IS the stock market:
Amazon, Apple, Microsoft, Google, and Nvidia shares have rallied by a massive 27% year to date.
This accounts for most of the S&P 500's 11% year-to-date gain.
By comparison, remaining 495 companies have only seen a 6% gain this year.
Furthermore, the equal-weighted S&P 500 index is up just 5% in 2024.
Currently, the 6 largest S&P 500 components reflect a record ~30% of the index.
Truly remarkable.
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- VivianChua·06-06Nice 💚 💚 💚LikeReport
- YueShan·06-06Good⭐️⭐️⭐️LikeReport