The stock market has been seeing a strange mix of events lately. While there was a celebration after the news of a potential debt ceiling deal, the major indexes sold off after a gap-up open. Although big-cap technology manifested good relative strength, it is not acting as a leader. The strength is not broadening out, and there is some poor action under the surface. The new highs are almost all big-cap AI names, while the new low list is mostly smaller stocks. We will see how things develop from here, but the gulf between big-cap AI names and the rest of the market can’t continue to expand for much longer.
The stocks mentioned in the article are some of the biggest companies in the world, including Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT). They all belong to the big-cap AI category, and their stocks have been dominating the market in recent times. AAPL and AMZN are both constituents of the Action Alerts PLUS member club, indicating that these are popular stocks among investors.
The author of the article is not mentioned, and it is possible that it was written by a financial expert or journalist. The article discusses the current state of the stock market and provides insights into the performance of big-cap AI stocks and everything else. The author seems to be concerned about the lack of broad strength in the market and the dominance of big-cap AI stocks. While the author does not provide any specific advice or recommendations, the article serves as a useful analysis of the current situation.
