You can't make this up: 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.
Quoted from:
The Kobeissi Letter on X (Aug 28, 2023).
The Kobeissi Letter on X (Aug 28, 2023).