Somewhat interesting article delivered to my inbox (observations from Beth Kindig)
- NASDAQ posting its strongest first 6-months in the index’s history
- emphasized textThe majority of the rally was driven by seven stocks: Apple, Microsoft, Nvidia, Amazon, Tesla, Meta, and Google.
- One outcome of the above was that the NASDAQ was forced by SEC rules to rebalance their tech heavy NASDAQ-100 (The Top 7 went from 55% of the Index to 38%)
Just a data-point. Has anyone been paying attention to Upstart (UPST) this year? Wow!