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A market of NVIDIA and everything else

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Mid-week market update: The S&P 500 has become an index of behemoth NVIDIA and everything else. The all-time high experienced by the S&P 500 in mid-June was largely attributable to the price action of NVIDIA. The rest of the market, as measured by the equal-weighted S&P 500, has been trading sideways for several months and never exceed the highs reached in late March.
Will the S&P 500 continue to rise, or is it destined to correct in the short run? The answer is “yes”. Here are the risks and opportunities.

The full post can be found here.


Source: http://humblestudentofthemarkets.blogspot.com/2024/06/a-market-of-nvidia-and-everything-else.html



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