![]() ![]() ![]() Although the S&P 500 hit new highs for the year last week, just 40 per cent of stocks were trading above their 200-day moving average, compared with 80 per cent in early February. In short, market breadth is “awful”, as Goldman Sachs put it last week. The current performance divergence is extreme – Bloomberg data shows the equal-weight S&P 500 is losing out to its cap-weighted counterpart by a wider margin since at least 1990. Skype Live Studio on 6th Avenue in downtown Portland City Oregon. In contrast, the equal-weighted version of the S&P 500, which dilutes the impact of mega-cap companies by allocating each component stock the same weight, is actually down 1 per cent. The five largest S&P 500 stocks – Apple, Microsoft, Alphabet, Amazon, and Nvidia – have outperformed the index by some 30 percentage points this year. Thousands of new images every day Completely Free to Use High-quality videos and images from. Indeed, just three stocks account for 70 per cent of the index’s gains, notes Citi’s Stuart Kaiser. Download and use 90+ Skype stock photos for free. The S&P 500 is up 9 per cent this year, but all of those gains are due to the performance of only seven technology stocks. A stock sell-off driven by a since-debunked picture underscored fears about how artificial intelligence could be used for nefarious purposes with big. Mega-cap tech stocks such as Nvidia, now valued at more than $1 trillion, have been soaring, but everyone else? Not so much. An A.I.-Generated Spoof Rattles the Markets. It really is a tale of two markets right now.
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