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.
Donkeyface - In reply to your question
SPX vs SPX Equal Weight Views along with the Magnificent Seven
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!!!!