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Big tech continues to save the market from the abyss. Big tech is the only major sector up YTD and it’s being driven by MSFT, AAPL, TSLA, NVDA, GOOGL, AMZN, and META which account for 90% of the S&P YTD to gains. For the week the SPX is already at the lower edge of the expected move. How much longer can a handful stocks hold up the entire stock market? Once these stocks get picked off one by one there’s no sector that can keep the market up.
