Micron just went on an all-time heater.
Today at the open, Micron was the 10th largest stock in the S&P 500.
Over the last five years, the average rank was 89.
It ran from 127 last April to 10 today.
Chart by @mattcerminaro
Michael Batnick
@michaelbatnick
Long-distance reader
Joined November 2009
- Software is crashing again today. The two-day move from Wed-Thursday was a complete outlier. We've never seen the S&P 500 up that much with software down that much.
- Wild market. We haven't seen anything like this since the dotcom bubble burst. Over the last 8 sessions, 115 stocks in the S&P 500 have decline 7% or more in a single day. The average drawdown when that happens is 34%. Right now we're 1.5% below the all-time high.
- Wait, the bathrooms at a festival cost how much??? We peeled back the curtain for a behind the scenes look at the biggest event in wealth management.
- Had a great time talking with the great @WilliamCohan about the epic battle for Warner Bros. Discovery. youtube.com/watch?v=obaCZs…
