the current crop of megacaps that broke away from the S&P 500’s peloton of stocks. A group that hasThe Russell is down well over 3% this year, and without these two stocks’ performance, it would be down around 7% as of Thursday, according to DataTrek. As DataTrek’s co-founder Nicholas Colas put it this week, “The Russell needs a few more meme-ish stocks, not fewer, if it is to start generating better returns.
Index concentration has been a running theme of market commentary since the Magnificent Seven emerged last year. The influence of the S&P 500’s top 10 stocksFor the Russell, this concentration appears even more fragile when you consider the business behind the two ‘micro’ stars.the investment world’s "apex property" and maintaining that the company's "endgame is to acquire more bitcoin.
Coming into the year, one of Wall Street’s favorite calls was a view that gains would broaden. As Josh Schafer wrote Friday,, the point of an index is that sometimes one sector — or company, even — outperforms, and investors who buy the whole basket benefit just the same.Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall StreetDJT Stock Jumps.
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