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NIFTY 8 v WILSHIRE 5000
SMALL CAPITALIZATION COMPANIES UNDER PRESSURE
In this weeks newsletter we highlight the pressures that small business are under in America. The Wilshire 5000, Russell 2000 and
NASDAQ with the exception of a handful of stocks reflect some of the pressures of inflation, a labor rate spiral and regulatory burdens. Even 492 of the S&P 500 are well below the performance of the "Big 8" (FAANG + MNT) stocks.
NOTE:
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FAANG = Facebook/META, Apple, Amazon, Netflix, Google/Alphabet
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MNT = Microsoft, Nivida & Tesla
CHART TOP RIGHT
According to Bianco Research, META, AAPL, AMZN, NFLX, GOOGL, MSFT, NVDA, TSLA have accounted for all of the S&P's YTD return
They are up +4.6%. The other 492 stocks collectively are down for the year (-.99%).
Mega-Cap techs saw market caps soar with AAPL back above $2.5 trillion, MSFT back above $2 trillion, AMZN back above $1 trillion, and META and TSLA back above $500 billion.
CHART BOTTOM RIGHT
TOP 15 S&P 500 STOCKS
The S&P 500's performance in Q1 was dominated by just 15 stocks
CHART BELOW
The Divergence is only comparable to the NIFTY 50 which proceeded the 1974 Inflation driven Stock Market Crash!
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