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Just 20 Stocks Have Driven S&P 500 Returns So Far in 2023

Just 20 Stocks Have Driven Most of S&P 500 Returns

Just 20 firms—mainly AI-related stocks—are propping up the S&P 500 and driving it into positive territory, signaling growing risk in the market.

The above graphic from Truman Du shows which stocks are making up the vast majority of S&P 500 returns amid AI market euphoria and broader market headwinds.

Big Tech Stock Rally

“Good Morning Students” … “Good Morning AI Overlord”

In recent years, schools across America, with the help of private companies, have been significantly ramping up surveillance on students, largely in the name of keeping the children safe. Now that there is big buzz about artificial intelligence, or “AI,” it should come as little surprise that peeping adults will increasingly employ AI to aid them in the surveilling of school students. Last week, the Dallas Independent School District was boasting about its new pilot project, undertaken along with the company Davista.

Kennedy Presidential Campaign Announces Dennis Kucinich is Campaign Manager

On Thursday, the presidential campaign of Robert F. Kennedy, Jr. announced that Dennis Kucinich had been selected to be campaign manager. Kucinich, a former Democratic member of the United States House of Representatives from Ohio, has some experience with presidential races, having twice run for the Democratic Party presidential nomination. Kennedy explained in a Thursday campaign press release some of the reasoning behind choosing Kucinich:

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