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Since the War began on Feb 27th, the S&P 500 (black) is up 7.34%. But the S&P 500 without AI stocks (blue) is effectively unchanged. So, the entire S&P 500 Index rally since February has been driven by AI stocks. But look at what happened on Friday, June 5th! The S&P 500 was down 2.6%, its biggest daily loss since last October. The S&P 500 without AI was up 0.02% (call it unchanged). So, the entire sell-off on Friday was AI stocks. The "normal world" did nothing on Friday.