June 17, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Pay Attention To The Average Stock

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows SPY compared to SPY Equal Weight ETF (RSP) and Nvidia stock (NVDA).  SPY is cap weighted.
• The chart shows that SPY has gained 2.6% over the last 30 days while RSP has lost 2.45%.
• The chart shows that NVDA has gained 39.76% during the same period.
• Make no mistake, it is an NVDA rally, taking along other AI stocks.