Everything is Beating the S&P 500 This Year

Through the close of markets on Monday, the S&P 500 ETF (SPY) was up 9.8% on the year. That’s a great return six months into the year. Surprisingly, it’s not the concentration at the top that’s carrying the returns anymore: The S&P 493 is outperforming the S&P 500 and the Mag 7 by a wide margin. Ironically, the hyperscalers spending so much money on AI could be benefitting the rest of the ma...