ilmscore | Prediction Details
"as of right now only seven stocks are holding up the index and that would be apple Google Amazon Microsoft meta Nvidia and Tesla in fact an equity strategist Bank of America calculated these seven companies as currently making up 30% to the S&P 500's total market cap the last time this happened was at the 2021 peak of the market before everything started falling"
By Graham Stephan | November 1, 2023 | Pending
From video
BREAKING: The FED Pauses Rates, Housing Declines, Recession Cancelled 00:13:45 - 00:14:08
Interpreted Prediction
Seven major tech stocks (Apple, Google, Amazon, Microsoft, Meta, Nvidia, and Tesla) are disproportionately driving the S&P 500, making up 30% of its market cap, a concentration last seen at the 2021 market peak.

Prediction Details

Topic
S&P 500 Concentration

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