Here is where the money is going.
I often find the market is swayed almost exclusively by the big volume stocks with big prices. One shall chase a thousand is the truth. I am not sure if this chart will show but if you can see it there is $59 billion dollars being spent on a fairly useless piece of equity. It is seasonal but almost pays nothing in return. Why bother holding it for a long period except to charge some innocent person maintenance fees or use it as a safe haven. Below you can see the seasonality of AAPL. I would say if you study the indicators of a stock like AAPL and it bears out that it is seasonal and also a big dollar volume stock, why not park you cash in a stock, or fund for that matter, that gives you some compound interest in return?
SYMB CLOSE VOLUME $VOLUME
SPY 144.71 411015250 $59,478,016,828
IWM 78.06 267042313 $20,845,322,953
QQQQ 47.28 247012672 $11,678,759,132
AAPL 125.00 50384938 $6,298,117,250
DIA 131.94 37278984 $4,918,589,149
GS 180.5 20263900 $3,657,633,950
EEM 127.55 27492895 $3,506,718,757
GE 38.23 85563414 $3,271,089,317
XOM 84.51 32828617 $2,774,346,423
CSCO 31.39 82953414 $2,603,907,665
XLF 33.35 77136203 $2,572,492,370
QID 46.67 52557250 $2,452,846,858
C 47.00 51585121 $2,424,500,687
MSFT 28.71 76581508 $2,198,655,095
RIMM 207.00 10499959 $2,173,491,513
SGP 27.26 70201867 $1,913,702,894
XLE 67.72 27683789 $1,874,746,191
MDY 154.45 12004741 $1,854,132,247
OIH 171.87 10243399 $1,760,532,986
INTC 23.98 68791297 $1,649,615,302
BSC 110.2 14703613 $1,620,338,153
BAC 48.59 32165676 $1,562,930,197
SDS 56.80 26248217 $1,490,898,726
JPM 44.25 32548900 $1,440,288,825
MER 74.12 19216633 $1,424,336,838
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