“S&P 500 to 8,000? A Brutal Market Reversal Ahead | Gareth Soloway”
The speaker does not chase NVDA stock at these levels and gives no reason for that stance.
the market gains that drive it, are concentrated in companies like Nvidia. Nvidia was also at a record high yesterday, even today. When you take a company valued at $5 trillion, it literally outperforms 100 to 200 S&P companies combined.
This means that those 200 companies are equivalent to Nvidia's weight in the S&P index.