{"id":14684,"date":"2023-05-27T14:35:45","date_gmt":"2023-05-27T18:35:45","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/stock-market-seeing-narrowest-rally-since-1999-thanks-to-ai-led-tech-surge\/"},"modified":"2023-05-27T14:35:46","modified_gmt":"2023-05-27T18:35:46","slug":"stock-market-seeing-narrowest-rally-since-1999-thanks-to-ai-led-tech-surge","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=14684","title":{"rendered":"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002110276\" role=\"document\">\n<p>With market commentators whispering about potential bubbles, a look at how much the S&amp;P 500 index\u2019s 2023 rally has been driven by surging technology shares might be a bit unsettling for some.<\/p>\n<p>\u201cInterestingly, this continued tech frenzy has caused\u00a0the\u00a0narrowest rally\u00a0of\u00a0the\u00a0century,\u201d said Jim Reid, strategist at Deutsche Bank, in a Friday note.<\/p>\n<div class=\"paywall\">\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>As the chart above from Deutsche Bank shows, the tech-led surge has seen the S&amp;P 500<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+1.30%<\/bg-quote><span>,<\/span><br \/>\n       which is weighted according to market capitalization, lead an equal-weighted version of the large-cap benchmark. Through Thursday, the S&amp;P 500 was up 8.1% in 2023 versus a 1.2% fall for the equal-weighted measure, an outperformance of 9.3 percentage points. That\u2019s on track for the largest margin since a 9.3 percentage point beat over the full year in 1999 and the 16.3 percentage point beat seen in 1998.<\/p>\n<p>Market capitalization is the value of a company traded on the stock market, calculated by total shares outstanding multiplied by the share price. In a market-cap weighted index like the S&amp;P 500, each component is weighted according to its market capitalization.<\/p>\n<p>\u201cAs you all know,\u00a0the\u00a01998\/99 beats were due to\u00a0the\u00a0tech bubble back then. In 1998,\u00a0the\u00a0IT sub sector returned +77.6% with\u00a0the\u00a0S&amp;P 500 up a still sizeable +26.7%,\u201d Reid wrote.<\/p>\n<p>At the same time, analysts have warned that the AI-inspired tech gains, which were boosted Thursday as shares of Nvidia Corp.<br \/>\n        NVDA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200467500\/composite\" class=\"positive\">+2.54%<\/bg-quote><br \/>\n       jumped more than 24% following a blowout earnings forecast, may have further to run in the short term. <\/p>\n<p><strong>In One Chart: <\/strong>Stock market\u2019s AI frenzy reinforces this crucial rule for traders, RenMac says<\/p>\n<p>The S&amp;P 500\u2019s outperformance was extended on Friday. It\u2019s now besting the equal-weighted index by just over 10 percentage points. That\u2019s the largest outperformance versus he equal weighted index year-to-date through May 26 on record, based on data going back to December 1989, according to Dow Jones Market Data. <\/p>\n<p><strong>Related:<\/strong> AI buzz pushes tech stocks higher \u2013 but here\u2019s why the ripple effect in stocks may still be \u2018narrow\u2019<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/stock-market-seeing-narrowest-rally-since-1999-thanks-to-ai-led-tech-surge-33c77071?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With market commentators whispering about potential bubbles, a look at how much the S&amp;P 500 index\u2019s 2023 rally has been driven by surging technology shares might be a bit unsettling for some. \u201cInterestingly, this continued tech frenzy has caused\u00a0the\u00a0narrowest rally\u00a0of\u00a0the\u00a0century,\u201d said Jim Reid, strategist at Deutsche Bank, in a Friday note. As the chart above [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-14684","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge | iFintechWorld<\/title>\n<meta name=\"description\" content=\"With market commentators whispering about potential bubbles, a look at how much the S&amp;P 500 index\u2019s 2023 rally has been driven by surging technology\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=14684\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"With market commentators whispering about potential bubbles, a look at how much the S&amp;P 500 index\u2019s 2023 rally has been driven by surging technology\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=14684\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-27T18:35:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-27T18:35:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1685212545_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=14684#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=14684\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge\",\"datePublished\":\"2023-05-27T18:35:45+00:00\",\"dateModified\":\"2023-05-27T18:35:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=14684\"},\"wordCount\":350,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=14684#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=14684\",\"url\":\"https:\/\/ifintechworld.com\/?p=14684\",\"name\":\"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-27T18:35:45+00:00\",\"dateModified\":\"2023-05-27T18:35:46+00:00\",\"description\":\"With market commentators whispering about potential bubbles, a look at how much the S&amp;P 500 index\u2019s 2023 rally has been driven by surging technology\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=14684#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=14684\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=14684#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge | iFintechWorld","description":"With market commentators whispering about potential bubbles, a look at how much the S&amp;P 500 index\u2019s 2023 rally has been driven by surging technology","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=14684","og_locale":"en_US","og_type":"article","og_title":"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge | iFintechWorld","og_description":"With market commentators whispering about potential bubbles, a look at how much the S&amp;P 500 index\u2019s 2023 rally has been driven by surging technology","og_url":"https:\/\/ifintechworld.com\/?p=14684","og_site_name":"iFintechWorld","article_published_time":"2023-05-27T18:35:45+00:00","article_modified_time":"2023-05-27T18:35:46+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1685212545_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=14684#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=14684"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge","datePublished":"2023-05-27T18:35:45+00:00","dateModified":"2023-05-27T18:35:46+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=14684"},"wordCount":350,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=14684#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=14684","url":"https:\/\/ifintechworld.com\/?p=14684","name":"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-27T18:35:45+00:00","dateModified":"2023-05-27T18:35:46+00:00","description":"With market commentators whispering about potential bubbles, a look at how much the S&amp;P 500 index\u2019s 2023 rally has been driven by surging technology","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=14684#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=14684"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=14684#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Stock market seeing \u2018narrowest\u2019 rally since 1999 thanks to AI-led tech surge"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/14684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14684"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/14684\/revisions"}],"predecessor-version":[{"id":14686,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/14684\/revisions\/14686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/14685"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}