More than meets the eye...

Year to date, the S&P 500 is up... But there's more to the story than meets the eye. [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [Biden to "retire" U.S. dollar?]( [Biden Signing]( A former advisor to the CIA and Pentagon now believes President Biden plans to retire the U.S. dollar we know. And replace it with what he calls "Biden Bucks." It is underway. On March 9, 2022, Biden signed Executive Order 14067, which could pave the way for "Biden Bucks." [Click to see how to save your investment and retirement accounts.]( [THE VALUE METER]( [Is Now the Time to Buy SPX?]( [Jody Chudley, Contributing Analyst, The Oxford Club]( [Jody Chudley]( This week, I'm putting the entire market - the S&P 500 - through The Value Meter. Up about 14% for the year as I write, on the surface, the S&P 500 is having a terrific year. [Chart: The S&P 500 Is Up for the Year]( On closer inspection, however, there's more going on here than the performance of the index would have you believe. While the index is up about 14%, most of the stocks in the S&P 500 have not had a great 2023. Instead, the entire index is being carried by just a few stocks. I will refer to them as the "Big Seven" of large technology stocks. The Big Seven consists of Alphabet (Nasdaq: GOOG), Amazon (Nasdaq: AMZN), Apple (Nasdaq: AAPL), Meta Platforms (Nasdaq: META), Microsoft (Nasdaq: MSFT), Nvidia (Nasdaq: NVDA) and Tesla (Nasdaq: TSLA). On average, the Big Seven is up an incredible 82% this year! [Chart: The Big Seven Ride Again!]( The "worst" performer of the group is Microsoft, which is still up 32%. That's more than double the S&P 500's 14% increase. The S&P 500 Is Not an Equally Weighted Index Remember, the S&P 500 is a market capitalization-weighted index. This means a company with a larger market cap makes up a larger share of the S&P 500 than a company with a smaller market cap. Apple is the largest company in the S&P 500, and it represents more than 7% of the index all by itself. That is 10 times the weighting of the 20th-largest company in the index, 33 times the weighting of the 100th company and 700 times the weighting of the 500th company. So the S&P 500 is not as diversified as you may have thought it was. With the Big Seven all carrying mammoth-sized market capitalizations, this group has an outsize influence on the performance of the S&P 500. After seeing their market capitalizations soar this year, the Big Seven now make up 26.92% of the S&P 500. That means 26.92% of the S&P 500 is controlled by the Big Seven and the remaining 73.08% is represented by the other 493 companies in the index. Given the Big Seven's influence over the S&P 500, is the broader market overvalued? 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But there%27s more to the story than meets the eye.%0D%0A%0D [Push Alert]( [Push Alert]( SPONSORED [Could You Wake Up Tomorrow to Big Gains?]( This Chicago Board Options Exchange veteran is set to blow the whistle on [Wall Street's best kept secret](. People just like you are waking up to gains as high as 108%... 133%... 150%... and even 188% thanks to [these Overnight Trades](. If you want the chance to make Overnight Trades for yourself... [You need to see THIS now.]( [The Oxford Club]( You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. 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