The S&P 7, a handful of technology stocks, is now up an
incredible 58% this year. Meanwhile, the remaining S&P 493 is
up just 4%. AI hype and technology stocks are literally holding up
the entire market. Markets really believe AI is the next big
thing.
These 7 stocks are collectively
SPX vs SPX Equal Weight Views along with the Magnificent Seven
Posted by donkeyface on 17th of Jul 2023 at 07:22 pm
Obviously this has changed... Just curious how the SP7 vs SP493 is looking now. Thanks
Donkeyface - In reply to your question
Posted by steve on 18th of Jul 2023 at 05:29 pm
The S&P 7, a handful of technology stocks, is now up an incredible 58% this year. Meanwhile, the remaining S&P 493 is up just 4%. AI hype and technology stocks are literally holding up the entire market. Markets really believe AI is the next big thing.
Kobeissi Letter via Goldman Sachs
Thanks!!!!
Posted by donkeyface on 19th of Jul 2023 at 08:41 am
Thanks!!!!