Just Four Stocks Account For 68% Of S&P 500’s Gains This Year (SPY)

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May 17, 2018 6:48am NYSE:SPY

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From Tyler Durden: Forget MAGA, it’s a MANA market in 2018.


Since the start of the year NYSE’s FANG+ Index has massively outperformed the broad market…

With Information Technology accounting for 97% of the S&P 500’s total return performance YTD…

However, as S&P Dow Jones Indices’ Howard Silverblatt tweeted today, it gets even more concentrated, forget FAANG+, FANG, it’s MANA that matters as just four stocks – Microsoft, Apple, Amazon, and Netflix – were responsible for over 68% of the S&P 500’s total return through Monday.

So the message from 2018’s markets is simple – diversification is for losers, buy what’s working, trend is your friend, it’s a no-brainer…

Perhaps the new acronym should be MANA – Make America Normal Again?


The SPDR S&P 500 ETF Trust (SPY) fell $0.18 (-0.07%) in premarket trading Thursday. Year-to-date, SPY has gained 2.02%.

SPY currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 146 ETFs in the Large Cap Blend ETFs category.


This article is brought to you courtesy of ZeroHedge.


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