There has been a fair amount of nervous chatter lately about the state of the stock market.
As of Thursday's close, the S & P 500 was up about 15% in 2024, while the Nasdaq Composite was just shy of 19%.
Companies like Microsoft , Cisco Systems and Intel were among the biggest gainers in the S & P 500.
Further, the S & P 500 Equal Weighted Index , with a roughly 4% gain in 2024, is far underperforming its capital-weighted counterpart.
.SPXEW .SPX YTD line The S & P 500 Equal Weighted Index vs. the S & P 500 in 2024 Having said that, in years past, these types of divergences would worry me to the point of distraction.
Persons:
it's, Bubbles, It's, rebalancing, Ron Insana
Organizations:
Nasdaq, Microsoft, Cisco Systems, Intel, Federal Reserve, Nvidia, CNBC
Locations:
U.S