STIFEL: The current bull market “is more linear than the 1920s and 1990s bull markets, and is just starting the ‘blow-off top’ stage ..”

B of A Warning: Rising Correlation & Concentration Risks in the Market

The top five U.S. companies now make up 18% of the total market cap of the S&P 500, the highest percentage in history, according to Morgan Stanley.

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