A couple of mega-cap AI proxies are supporting the S&P 500 while overall breadth and old-economy cyclicals struggle.
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The bottom ten S&P 500 stocks in terms of year-to-date return were all up on the day, with an average gain of more than 2%.
The latest catalysts were persistent momentum in core AI plays, retail-trader favorites and opportunistic rotation into a laggard…
Friday, the AI pressure proved too heavy for the economically sensitive parts of the market to absorb fully, leaving the S&P 500…
The ascendant 'non-OpenAI AI' complex led by Broadcom and Alphabet, as well as sharp bounces in Meta and Palantir, helped drive…
Mike wraps up Monday's action, noting investors' continued preference for larger big-cap tech stocks.
An Nvidia/OpenAI $100 billion investment in AI capacity sent related stocks flying and more than offset the fatigue evident in…
