Scary but exciting – Afterpay and Nio revisited

The Russell 1000 measures the performance of the 1,000 largest US quoted companies by market value. It accounts for over 90pc of the value of all US quoted stocks so captures the performance of USA Inc.. It is in a strong uptrend and has recently broken up to a new post Covid-19 outbreak high. There was an earlier massive breakout in 2014 from around 17 years of sideways trading. It is heavily weighted for big tech, which accounts for over 40pc of the index by value. This makes it a good proxy for the technology revolution.