NVIDIA DRIVING STOCK MARKET RALLY, AVERAGE STOCK IS A DIFFERENT STORY, AI COPPER TRADE HURTING
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.
June 17, 2024