📈 The AI revolution is driving historic market momentum:
The S&P 500 excluding AI names is up +16% over the last 2 years and is trading below its February all-time high. Meanwhile, the S&P 500 as a whole is up +42% and has posted 15 all-time highs year-to-date. The S&P 500 has now surged for 6 consecutive weeks, its longest winning streak since October 2024.
Over this period, the index is up +16%, while the S&P 500 equal-weighted index is up +8%. This comes as 10 stocks have driven 69% of the S&P 500's gains during this time, with the remaining 490 representing just 31%. Alphabet, $GOOGL, NV
The S&P 500 excluding AI names is up +16% over the last 2 years and is trading below its February all-time high. Meanwhile, the S&P 500 as a whole is up +42% and has posted 15 all-time highs year-to-date. The S&P 500 has now surged for 6 consecutive weeks, its longest winning streak since October 2024.
Over this period, the index is up +16%, while the S&P 500 equal-weighted index is up +8%. This comes as 10 stocks have driven 69% of the S&P 500's gains during this time, with the remaining 490 representing just 31%. Alphabet, $GOOGL, NV
