he S&P 7, comprising the seven largest stocks in the S&P 500, are shouldering the entire market, marked by a staggering P/E ratio of 46x, over double that of the S&P 493.

October 20, 2023 4:05 pm by CWR

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Shorting large cap tech stocks has been a losing trade for over a decade.

It's unlikely that changes without a shift in market sentiment.

It may really be that a few stocks driving the market is the new normal.

Follow us @KobeissiLetter for real time analysis as this develops.

— The Kobeissi Letter (@KobeissiLetter) October 20, 2023

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