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Monday, August 28, 2023

The S&P 7 vs the S&P 493 | The Kobeissi Letter

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.