New CNBC Indicator

Hi all,

This is a bit of a recycle but I thought it was pretty interesting.

CNBCs team (Cramer etc) have created an indicator which tracks stocks in an index. The stocks are typically companies you associate with the post March 2020 rise, ie high growth, remote working, space, EV etc; or as they say, Gen Z.

The article is below for more detail

And here’s a link to the index which tracks back to the start of the year

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Naturally the NASDAQ is up considerably today, hence the increase in the index.

By the look of the stocks I’m assuming they’re pretty high Beta. By the way this market is, you could probably short tomorrow, so perhaps it’ll be down 1.5 times the NASDAQ