The combined total year-to-date return* for these 7 companies, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla all part of the S&P 500 Index, reads 50.65% (purple). These 7 push the total return for the entire S&P 500 Index over the same period to a very respectable 15.58% (blue).
However, the combined total return of the remaining 493 companies over the same period without those 7 companies reads -2.05% (gold). Hmmm.
Looking ahead to 2024 and using the chart above, how should one interpret this information?
Stay nimble, be tactical and know what you own.®
-Randy
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