The Dow Hit a Record. The Market Underneath Didn't.

The Dow set a record high this week. Amazon's market value crossed three trillion dollars. And two weeks earlier, the momentum trade saw its biggest wipeout since the year 2000. All of that is true at the same time — and the gap between those facts is what this video is about. We break down what actually moved, what didn't, and why a record on the Dow doesn't mean a record across the market. Thirty companies, price-weighted, can carry an index while hundreds of other names sit well off their...