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October 27 In the U.S. premarket session, most large-cap technology stocks, including Nvidia, Apple, and Microsoft, declined; storage stocks were mixed, and SK SK hynix rose 1.67%。
The Kobeissi Letter says that the S&P 500 index is only 2%from its all-time high, but 84%of its component stocks are already in a bear market, with a small number of large-cap technology stocks contributing most of the gains.
S&P 500 touched 7844.52 points intraday on Tuesday and closed above 7800 points for the first time; mega-cap technology stocks and the AI sector were the main drivers.