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"The Magnificent 7 drove 100% of S&P 500 returns from the start of the year until the end of May resulting in massive outperformance of the cap-weighted index
Stocks most overweighted by hedge funds:
Stocks most underweight by hedge funds: https://seekingalpha.com/news/3997250-s ... _breakfast
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Don't know what to comment so far. It's testing the day low and now rebounding which seems weak but it could change so hard to say. Overall, it's just a range day.
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Consolidation, breakout to a new day high is more likely.
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Need to see new swing high at the least, with a positive turn on $BPSPX will be nice for a reversal, it's still put some warning signs on for bulls. caution! Peace!
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