Some idiosyncratic flows of funds are goosing the mega-tech stocks, and the S&P 500 with them.
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The majority of the market took a breather after bulls got most of what they were hoping for this week.
High-momentum, more-volatile, heavily speculative stocks have broken steep uptrends and are spilling lower, as quality and value…
The S&P 500 traded for a seventh day in the range left by the 2.7% drop on Oct. 10.
Last week's S&P 500 loss was erased in two days, leaving the index within about 1% of a record high.
Mike wraps up Monday's action, noting investors' continued preference for larger big-cap tech stocks.
A couple of mega-cap AI proxies are supporting the S&P 500 while overall breadth and old-economy cyclicals struggle.
