Apple's Slide Takes a $2 Billion Bite Out of ETFs

The video discusses Apple's significant influence on major ETFs, highlighting its role as a top holding in several large ETFs and its impact on market cap weighting. It explains how Apple's performance can greatly affect ETF values, using examples like SPY and IVV. The video also explores the concept of equal weighting as a strategy to manage exposure to Apple, mentioning the Guggenheim Equal Weight Tech ETF as an example. The discussion emphasizes the importance of understanding these weighting strategies in ETF investments.

Explain the concept of equal weighting in ETFs and its relevance to Apple.

Discuss the relationship between Apple's performance and the overall performance of tech ETFs.