Tech/S&P ratio weekly RSI just hit the 2nd most overbought reading *of all time* (30 years). Just 5 stocks account for 20% of the S&P 500. Many big companies look so unstable

Tech/S&P ratio weekly RSI just hit the 2nd most overbought reading *of all time* (30 years).

History being made – it doesn't get much more extreme than this.

Only one week ever closed higher – Jan 29 1999, the start of a five-month -15% correction. $XLK $SPT $SPX pic.twitter.com/6hCh4tI7fX

— Macro Charts (@MacroCharts) February 10, 2020

Growth in global trade sank to 1% last year, down from 4% in 2018 and 6% in 2017. It was the fourth worst showing in 40 years, and the worst ever outside a period of recession. t.co/Wtf0JVabuK

— Lisa Abramowicz (@lisaabramowicz1) February 10, 2020

👇 t.co/ddOjSo3bLV

— M/I_Investments (@MI_Investments) February 10, 2020

Just 5 Stocks Account for 20% of the S&P 500

This is the highest concentration since the dotcom bubble peak of 2000.

Market Caps

1. Apple (AAPL): $1.4 Trillion
2. Microsoft (MSFT): $1.4 Trillion
3. Amazon (AMZN): $1.1 Trillion
4. Alphabet (GOOG): $1.0 Trillion
5. Facebook (FB): $0.61 Trillion

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