SPY Vs. RWI: The Market Isn't As Strong As You Think
SPY Vs. RWI: The Market Isn't As Strong As You Think
The $SPDR S&P 500 ETF(SPY.US)$ keeps making new highs.
這個$SPDR標準普爾500指數ETF(SPY.US)$不斷創新高。
This is great for Big Tech investors, but not so much for investors in other sectors of the market. When bull markets reach their final stages, investors sell other securities. They put their money into investments that are considered to be safe, like the Big Tech stocks.
這對大型科技公司的投資者來説是件好事，但對市場其他領域的投資者來説就不那麼好了。當牛市進入最後階段時，投資者會拋售其他證券。他們把錢投入被認為是安全的投資，比如大型科技股。
As money flows out of cryptos and penny stocks, it’s been going into Big Tech. This is why stocks like $Microsoft Corp(MSFT.US)$, $Amazon.Com Inc(AMZN.US)$, $Facebook Inc(FB.US)$, $Alphabet Inc-CL C(GOOG.US)$, $Apple Inc(AAPL.US)$ are moving higher. But this narrowing of the leadership will eventually be bearish.
隨着資金從密碼和細價股中流出，資金一直在流入大型科技公司。這就是為什麼股票喜歡$微軟(微軟美國)$, $亞馬遜(AMZN.US)$, $Facebook(FB.US)$, $Alphabet-CL C(谷歌)$, $蘋果(蘋果美國)$正在往更高的方向發展。但領導層的這種縮小最終將是悲觀的。
Together these companies constitute more than 20% of the S&P 500. The rest of the stocks in the S&P 500 aren't doing as well.
這些公司加起來佔標準普爾500指數的20%以上。標準普爾500指數中其他股票的表現就不那麼好了。
This chart shows the $Invesco Exchange Traded Fd Tr S&P 500 Equal Weight Etf(RSP.US)$. In this ETF, all of the stocks in the S&P 500 are equally weighted. It shows that outside of Big Tech, the rest of the market isn't performing as well.
此圖表顯示了$景順交易所交易的FD Tr標準普爾500等權重ETF(RSP.US)$。在這隻ETF中，標準普爾500指數中的所有股票都具有同等的權重。這表明，除大型科技公司外，其他市場的表現也不佳。
