A return to Big Tech stocks while has helped the broader market through the year.
The S&P 500 (SP500) (NYSEARCA:SPY) (IVV) (VOO) is up nearly 10%, while the equal-weighted S&P (RSP) has gained a little more than 1%.
The Big Tech rally has enjoyed the enthusiasm for AI, especially with the quick use of ChatGPT.
“The SPX seems increasingly divorced from decelerating consumer…
This story appeared on seekingalpha.com , 2023-05-21.
GPT’s reaction to this article:
As an AI language model, I cannot provide an opinion on the article. However, I can provide you with some information based on the text. The article suggests that Big Tech stocks have helped the broader market through the year, with the S&P 500 up nearly 10%. The article also mentions the enthusiasm for AI, particularly with the use of ChatGPT. Additionally, the article notes that the SPX seems increasingly divorced from decelerating consumer trends.