The S&P 500 has never been more concentrated in a single stock than it is today with Nvidia representing over 8% of the index

The previous week the S&P 500 just crossed above 7,500 for the first time. A year ago it was at 5,900. 5 years ago it was at 4,200. 10 years ago it was at 2,100

2020: Nvidia wasn’t even a top 10 U.S. company

If the 10-year yield keeps rising this may start to matter again for the NASDAQ 100

“If you mix politics with your investment decisions, you’re making a big mistake.” – Warren Buffett