Without tech stocks and recent AI-hype, markets would be significantly lower.
As we have noted multiple times this year, the same trend can be seen in the Nasdaq. 70% of the index's YTD performance is from just 10 stocks. Perhaps this is just the new normal as tech giants become bigger. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) …