Apple's weight in the SP500 is 6.5%, while the entire total energy sector is worth 3.7%, the entire consumer staples sector is worth 6%, that means if the energy or staples sector going up like 100%, which it did basically, it doesnt matter if apple ends up dropping same percent. i dont see how this is even fair or accurate. I know its based on cap size but just one stock affect everything which people dont talk about. This is even more true in the QQQ, but we all know that because its all tech, in the QQQ, Apple is 13% weighting, ,MSFT is 10%, but apple is weighted as much as GOOGL +AMZN combined in there. so even if GOOGL+AMZN does well, it all just comes down to Apple.
The flip side work too, like if the entire QQQ sector crash which it did, but AAPL somehow doesnt move, then it just doesnt move. how is that even a fair influence or weighting for the whole market?
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