The S&P 493 index, the S&P 500 index excluding the 7 largest…

Barrett Gardener

@justbarrett · Sep 26

· Sep 26

The S&P 493 index, the S&P 500 index excluding the 7 largest technology stocks, is up just 4% this year. $SPY

While the S&P 7, also known as the 7 largest companies in the S&P 500, rose 52%.

Taken together, the S&P 500 index as a whole is up 13% this year.

The seven largest stocks in the S&P 500 now account for a whopping 34% of the value of the entire index.

Without these 7 stocks, the S&P 500 Index is essentially FAT and almost unchanged this year.

What happens if the AI excitement and hype around it fades?

A community member's personal view, not investment advice. Community Guidelines

Rickie Reeve @rickiereeve Sep 29

Judging by $META s latest event, the AI hype is far from over, it's about time.

Barrett Gardener @justbarrett Oct 1

Yes, it is.

Bill Combs @billcombs Sep 28

It's interesting and sometimes it scares me a little. However, I know that these are quality companies and their stocks have been going up for a long time and they have been pulling up the index for a long time.

Barrett Gardener @justbarrett Sep 28

It scares me sometimes too, but hold on, it's always been the giants that have pulled the SNP the most, so we'll have to put up with it. :)

Ashraf Aboudar @ashraf_dd Sep 27

The big companies are still on top and for example $AAPL has looked at all new highs. I'm curious if anything will ever replace them and what it will be.

Barrett Gardener @justbarrett Sep 27

Personally, I think they'll still be in the limelight.

Stocks edge higher as bond yields ease ahead of the Fed