AI trade driving stocks, but questions remain over rest of market
The cooling of Treasury yields is providing some respite with the S&P 500 and the Nasdaq hitting record highs. However, beyond those record highs, the picture becomes a little more concerning. Tech stocks are powering indices at the moment and the divergence of this trade can be seen in the S&P 500 equal weighted chart, which is in the red over the last 3 months compared to a 4% gain for the headline figure.
The cooling of Treasury yields is providing some respite with the S&P 500 and the Nasdaq hitting record highs. However, beyond those record highs, the picture becomes a little more concerning. Tech stocks are powering indices at the moment and the divergence of this trade can be seen in the S&P 500 equal weighted chart, which is in the red over the last 3 months compared to a 4% gain for the headline figure.
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