Fuelled by recent strong gains in Nvidia and other megacaps, the Nasdaq logged its eighth consecutive week of gains, its longest streak of weekly advance since March 2019.

Source: https://www.perthnow.com.au/business/markets/wall-street-gains-as-us-rate-hike-worries-ebb-c-11004869

Major stock market indexes closed down Wednesday, except for Dow megacaps.

Source: https://biztoc.com/x/57c389840738aca2?ref=ff

That implies that if you just picked stocks randomly last year, you should have done than the overall index because the typical random stock did better than the megacaps and better than the S&P 500. But most active managers couldn’t do it.

Source: https://www.nytimes.com/2023/04/14/business/stock-market-2022.html