The market’s recovery, reminiscent of historical patterns like the Nifty Fifty era, raises concerns about the sustainability of the current narrow leadership dominated by a select few mega-cap stocks.
This market recovery has been unusual, with very narrow leadership, but it's not the first time. The early 1970s and late 1990s both were dominated by an elite few — the Nifty Fifty. The bottom panel of this chart shows the percentage of stocks in the S&P 500 that outperformed… pic.twitter.com/fOwuFnUQuu
— Jurrien Timmer (@TimmerFidelity) November 29, 2023
They got derated both times, albeit under different macro circumstances.
— Jurrien Timmer (@TimmerFidelity) November 29, 2023
Bulls, you will be reading about this, soon: pic.twitter.com/PHidqyWU3D
— Mac10 (@SuburbanDrone) November 30, 2023
Stock Market Fear & Greed Index = 64 (Greed)
What's Next – Neutral or Extreme Greed? 🤔 pic.twitter.com/Vfb8Un6zj0
— Barchart (@Barchart) November 29, 2023
🚨Nvidia insiders continue to sell, Executive VP just dumped 30% of her shares pic.twitter.com/93lnmHqzyb
— Insider Tracker (@TrackInsiders_) November 29, 2023