David Rosenberg: Strip out the 17% ($4 tln of market cap!) of the market that is Facebook, Microsoft, Apple, Amazon, Netflix and Alphabet, and the market has barely budged this year. This is the most concentrated market since the dotcoms; before that the Nifty Fifty. Heed Rule #7.
Strip out the 17% ($4 tln of market cap!) of the market that is Facebook, Microsoft, Apple, Amazon, Netflix and Alphabet, and the market has barely budged this year. This is the most concentrated market since the dotcoms; before that the Nifty Fifty. Heed Rule #7.
— David Rosenberg (@EconguyRosie) July 24, 2018
Financial conditions continue to tighten & market is ignoring. Some major downside if this gap closes.
South Korea Consumer Confidence fading real hard
I think that is incorrect — trade war is being ignored — just wait until the slowdown — then it will take centerstage. pic.twitter.com/e760H9tBSV
— Alastair Williamson (@StockBoardAsset) July 25, 2018