Anchors $AAPL $NVDA. Dangerous concentration in indices
The forest:
Mag 7 makes up 30% of S&P 500 index
Mag 7 makes up 42% of the Nasdaq 100
Two stocks, MSFT and AAPL make up 9% of the Dow 30!
AAPL is down 12% since Dec 26
NVDA is down 11% since Jan 7
MSFT is …