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Market Review April 11 2023
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STRATxAI

May 2024

Market Review - April 11, 2023

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This week we're looking at the year-to-date performance of the biggest market indices and style factors. We'll also give an update on the performance of the STRATxAI ETF strategies. Finally, we'll explore Bitcoins recent dominance over the crypto sector.

You can read last week's review here.

Market Indices

In 2023, the technology sector has been the primary contributor to the overall gains. Year-to-date, the Nasdaq-100 (QQQ) has experienced a substantial increase of nearly 20%, surpassing the performance of other indices. The S&P 500 (SPY) maintains a positive trend with a growth of 7.4%, while the Dow Jones Industrial Average (DIA) and Russell-2000 have shown little progress, remaining flat for the year thus far.

60% (4.2%) of the return of the S&P 500 this year is attributable to just 7 stocks. Apple, Microsoft, Amazon, Nvidia, Tesla, Google, and Meta account for only 24% of the index.

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