It's been a bumpy road from 4,000 to 5,000, but the overall trend stays with big cap tech.
Talk about timing: It launched just as the S & P 500 was recovering from the banking crisis, and MAGS has been one of the star ETF performers of the last year.
A bumpy road from 4,000 to 5,000 The S & P 500 had been comfortably over 4,000 from mid-2021 into mid-2022, when rising rates pushed the broad index below 4,000.
This is true not just this year, but since the S & P went over 4,000 at the end of March, as has international investing.
If you own the S & P 500, which has become tech-dominant, you are happy.
Persons:
It's, Dave Mazza, MAGS, Mazza, ETFEdge.cnbc.com
Organizations:
Exchange ETF, Technology, Microsoft, Nvidia, Apple, AMD, Communication Services, Banks, Care, Staples, Energy, Edge, Miami Beach
Locations:
Miami Beach, Roundhill