<div id="readability-page-1">In the USA, tech shines, but not all tech The outperformance of the S&amp;P500 index relative to the S&amp;P500 Equal Weighted index continues into 2024. This means that the U.S. margin index is driven primarily by the stocks with the most weight.<img src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-4985;46868901-B31942;0A3161;FFFFFF;FFAE00;9644C5;28A641;F26B3E;B32400;0E6B9A;B37D00;612D80-3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1300" height="800" original-src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-4985;46868901-B31942;0A3161;FFFFFF;FFAE00;9644C5;28A641;F26B3E;B32400;0E6B9A;B37D00;612D80-3.png"/> Staying in the US, there's a lot of talk about the Magnificent Seven being down to five, because Tesla and Apple are struggling. Some are even talking about four magnificent ones, although excluding Alphabet seems extremely harsh at the moment.<img src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2023/12/31-4835;4849;57355629;12864605;24203373;10547141;6344549-005f73;94d2bd;e9d8a6;ee9b00;ca6702;bb3e03;ae2012;9b2226-3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1300" height="800" original-src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2023/12/31-4835;4849;57355629;12864605;24203373;10547141;6344549-005f73;94d2bd;e9d8a6;ee9b00;ca6702;bb3e03;ae2012;9b2226-3.png"/>ARK Innovation, Cathie Wood's phase ETF, has seen better days. It is shown here against the QQQ ETF, the largest ETF replicating the Nasdaq.<img src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-43873888,29427089-f77a55;2d7d78;519FB0;ffc2b4-3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1300" height="800" original-src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-43873888,29427089-f77a55;2d7d78;519FB0;ffc2b4-3.png"/> Hard, hard, also for Cathie against Warren Buffett and his Berkshire Hathaway. The big losses suffered by Tesla and Roku, two of ARK Innovation's main weightings, have taken their toll.<img src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-29427089,11915-2d7d78;f77a55;519FB0;ffc2b4-3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1300" height="800" original-src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-29427089,11915-2d7d78;f77a55;519FB0;ffc2b4-3.png"/> In Europe, focus on defense, Lonza and AdyenLonza continues its comeback after a difficult succession and the abandonment of major pandemic-related projects. In recent months, the Swiss group has outperformed both the medtech and fashion sectors:<img src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-2956013;27471609;599546;56798268;408695;435842;42379342;6491415;6289-f94144;f3722c;f8961e;f9844a;f9c74f;90be6d;43aa8b;4d908e;577590;277da1-2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1300" height="800" original-src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-2956013;27471609;599546;56798268;408695;435842;42379342;6491415;6289-f94144;f3722c;f8961e;f9844a;f9c74f;90be6d;43aa8b;4d908e;577590;277da1-2.png"/> Finally, focus on two sectors. Defense and European fintechs. The year 2024 confirms the resilience of the defense industry, which continues to benefit from a highly buoyant environment: the need to replenish stocks and dust off European armies.<img src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-9583545,4715,6491624,162001,436527,4637,9583549,5215,1413189,112902521-f94144;f3722c;f8961e;f9844a;f9c74f;90be6d;43aa8b;4d908e;577590;277da1-2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1300" height="800" original-src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-9583545,4715,6491624,162001,436527,4637,9583549,5215,1413189,112902521-f94144;f3722c;f8961e;f9844a;f9c74f;90be6d;43aa8b;4d908e;577590;277da1-2.png"/> We conclude with a look at European fintechs in 2024. Adyen, shaken up last year, continues to take its revenge. Worldline and Nexi are in dire straits.<img src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-44211922,16783982,57291674,7477-f94144;f9844a;f9c74f;90be6d;4d908e;577590;277da1-2-3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1300" height="800" original-src="https://imageproxy.pbkrs.com/https://www.marketscreener.com/zbcache/hes/3/650,400,0,Close;2024/01/01-44211922,16783982,57291674,7477-f94144;f9844a;f9c74f;90be6d;4d908e;577590;277da1-2-3.png"/></div>

特斯拉

蘋果

ROKU

創新 ETF - ARK

LZAGY

龍沙

華大酒店

2 倍做多特斯拉 ETF - Direxion

在美國，特斯拉和蘋果等科技股票表現疲軟，導致 “輝煌” 股票數量減少。ARK 創新 ETF 也因特斯拉和 Roku 表現不佳而遭受損失。在歐洲，朗沙正在復甦，而國防工業和歐洲金融科技仍然表現堅挺。總體而言，市場在各個領域都面臨波動和挑戰

指數：五巨頭而非七巨頭