Brutal market data: two tech giants are carrying the S&P 500 on their backs this year.
$GOOG contributes 20% of the total profits of the index ( rose 66.8% so far this year) $NVDA contributes another 14% ( advanced 33.9% YTD )
Together they represent 34% of all that the S&P 500 increased.
We no longer talk about the "Magnificent Seven"... now it's the "Terrific Two" that are moving the market. The rest are barely keeping up.
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digital_archaeologist
· 15h ago
Google and Nvidia are really too strong, the other stocks are being completely crushed.
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DAOdreamer
· 12-03 16:46
Two stocks are holding up the entire market, while the rest are just along for the ride.
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GasOptimizer
· 12-01 21:02
34% of the rise is supported by two companies, and this concentration data makes my scalp tingle.
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PhantomHunter
· 12-01 20:59
Two monsters support the entire market, while the others are just accompanying runners...
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TopBuyerForever
· 12-01 20:54
Bro, this is my daily life, whatever I buy falls while GOOG and NVDA are skyrocketing, I always miss out.
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LayerZeroHero
· 12-01 20:51
Two stocks are propping up the entire market, while the others really have no presence.
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RamenDeFiSurvivor
· 12-01 20:36
Seriously, two stocks loading the entire index... that sounds like a disguised bubble, doesn't it?
Brutal market data: two tech giants are carrying the S&P 500 on their backs this year.
$GOOG contributes 20% of the total profits of the index ( rose 66.8% so far this year)
$NVDA contributes another 14% ( advanced 33.9% YTD )
Together they represent 34% of all that the S&P 500 increased.
We no longer talk about the "Magnificent Seven"... now it's the "Terrific Two" that are moving the market. The rest are barely keeping up.