The Equally-weighted S&P500 is on pace to close the week at a new all-time high.
Based on the early trading in U.S. Markets, and the strength we’re seeing in equities around the world, this looks like it’s going to happen by the end of today.
Think about it like this: Mathematically it cannot be only 7 stocks going up if the Equally-weighted S&P500 is making new all-time highs.
It’s just math.
And this really just speaks to the broadening participation across the market.
Just last month we saw the most amount of stocks hitting new 52-week highs that we’ve seen in years – on both the Nasdaq AND on the NYSE.
We also so the most amount of stocks on the NYSE that were above their 200 day moving average than at any point this entire bull market.
You cannot tell me that things are getting worse, if mathematically things just keep getting better.
And I preface with all this because when you zoom out, these mega-cap leaders are still drivers of this market.
They’re just not the only ones.
But Nvidia is an absolute beast. This thing is now valued at $3 Trillion.
And so how much is $3 Trillion?
Well, for some perspective, the Average S&P500 component is only $99 Billion. The median stock in the S&P500 is only $36 Billion.
Again, Nvidia is $3 Trillion.
Nvidia alone is worth more than the entire stock market of every single country in the world, except for China, UK, India and Japan.
I’ll say that again. Nvidia is larger than the entire stock market of every county on earth outside those 4.
That’s hilarious.
But it also means there is money to be made in this group.
And that’s why we’ll be LIVE Streaming the release of Nvidia earnings next Wednesday August 28th @ 3:45PM ET.
We’ll be sending more details, including a bonus report shortly.
We’re going to provide you with the best Preview for NVDA earnings anywhere on the web.
And we’ll be right there with you when the numbers drop on August 28th.
So keep an eye on your email for updates and calendar invites.
In the meantime, what else can I say?
We’ve been buying stocks. And that keeps working.
Are you noticing?
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