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Hedgeye Investing Summit | Jim Bianco, President of Bianco Research

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Apple's Seven Percent of the S&P 500 This Year

The stock market year to date the S&P was up seven percent or roughly little over seven percent five and a half percent of the gain of the overall index was eight stocks. The other 492 collectively earned you about 1.2 percent which is actually less than cash that a T bill actually earned you more. A lot of these mega cap stocks that have been really rallying have just been like a Pavlovian response out of the market interest rates are down oh bacon crisis interest rates fell by Google by Tesla doesn't make any sense but then when did Algos ever do make sense?

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