I'm a bit scared of how concentrated that market is... 😬 What do you think?
The S&P index is up 13% since the beginning of the year. 7 stocks are responsible for 93% of that. The rest of the market is only up +1.4%.
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This may mean that there are many valuation-interesting companies in the SP500 index at the moment.😉
It's surreal, but there must be a fallout from that in these companies as well. I'm not sure I can see a big correction on all these giants.
It will come down, unfortunately it is impossible to predict when. Personally, I think it will happen as soon as the interest rate on the triple-digit bonds goes up.
Yes, this is scary... tech stocks remind me more of the crpyto market now :)