Not Your Advisor
Not Your Advisor
Kicking the can on China Tariffs Again! 🎧 #504 (Aug 11)
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Kicking the can on China Tariffs Again! 🎧 #504 (Aug 11)

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I have shared the component % of the indices many times. But check this out ...

Nvidia, $NVDA, now accounts for ~8% of the S&P 500, the highest for any individual stock since records began in 1981.

The only other company to exceed 7% in the past was Apple in 2023.

Not even the 2000 Dot-Com Bubble saw a stock dominate the S&P 500 to this extent.

For example, in 1999 and 2000, Microsoft and General Electric each accounted for ~4% of the S&P 500.

Furthermore, IBM's record share of the index was ~6% in 1984.

Source : The Kobeissi Letter

“It's official:

The top 10% largest US stocks now reflect a record 76% of the US equity market.

This has officially surpassed the previous record set before the Great Depression in the 1930s.

By comparison, at the 2000 Dot-Com Bubble peak, the top 10%'s share was at ~73%.

In the 1980s, this figure was below 50%.

Meanwhile, the top 10 stocks in the S&P 500 now represent a record 40% of the index’s market cap.

We are witnessing history.”

The Kobeissi Letter

$SPY $QQQ $TQQQ $SQQQ #AI


Total US debt has officially crossed above $37 trillion for the first time in history.

This puts total US debt up +$780 billion since the debt ceiling was raised following the signing of the "One Big Beautiful Bill Act" into law on July 4th.

This equates to an average rise of a whopping +$22 billion per day.

Last week alone, the government sold $724 billion in Treasuries through 10 auctions.


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