The Russell 3000 is the ‘Market’; the ETF comprises almost all large and small caps. The index gives you a feel for the overall market, unlike some of the other indices that are dominated by a few stocks.

Year-to-date, 1,654 out of 2,689 are down (61%).

52 out of the 100 of the TOP market Capitalization stocks are down YTD.

94 out of the 100 Lowest market Capitalization stocks are down YTD.

Unlike any other, this year has been about seven stocks: APPLE, MICROSOFT, GOOGLE, Amazon, NVDA, TSLA, and META.

The MAG-7 peaked in July; since then, they have been down -14%. Since then, the S&P 500 is down -9.7%+, and the equal-weight S&P 500 is down -12.76%.

 

 

Nowadays, there is no such thing as panic or fear until they sell off the Magnificent Seven stocks. A washout of those stocks could likely lead to broader upside participation of other 2,993 stocks that make up the “Market.”

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