There are only about 30 companies in the S&P500 that are bigger than what Nvidia is up after hours today.
That’s a new all-time high for America’s now 5th largest company. It’s the first time it’s able to breakout to new a all-time high since late 2021:
We’re seeing more and more of this sort of thing.
The big are getting bigger.
The rotation among sector leaders continues.
Tech, Communications and other growth continues to dominate this year. And this is despite the rising interest rates over the past few weeks.
But is it sustainable?
Nvidia’s action certainly points to that.
But do we get the rotation into Industrials, Small-caps and Emerging Markets, which I feel like we need to see for this to be a strong summer for stocks?
I think we do.
What about you?
Can they rotate?
Let us know what you think!