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

Share This Article
May 17, 2018 6:48am NYSE:SPY

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.

Read Next

Get Free Updates

Join over 50,000 investors who get the latest news from ETFDailyNews.com!

Most Popular

From Our Partners

Explore More from ETFDailyNews.com

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again!

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories