The top 10% of S&P 500 stocks now account for 75% of the index's market cap.
This is an even higher percentage than the peak of the Dot-com bubble.
Big stocks are getting even bigger in the new AI-based world.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) April 2, 2024
#recession … #Commodities edition
This is what a century of Technological #Deflation looks like. #inflation 📉 👀 https://t.co/SzQAyzl2Du
— Invariant Perspective (@InvariantPersp1) April 2, 2024
#SPX #SP500 $SPY #ES_F #stocks 📉 🥶https://t.co/mTKzv7o2vP
— Invariant Perspective (@InvariantPersp1) April 2, 2024
S&P 500 thoughts: For now, the index price maintains above the short term trend. Closing price below 5180, paired with a negative breadth and fading momentum will set off three correction criteria.
Bulls have walked this tightrope many times since the rally started in November.… pic.twitter.com/q5zZtI0y6w
— tom 🖍 (@tomthetrader1) April 2, 2024
🚨The SOFR rose yesterday to 5.35%
🚨 SOFR will rise in anticipation of interest-rate increases from the Federal Reserve. SOFR and the NY Fed 30-day SOFR rates, which reflect current and trailing 30-day market conditions pic.twitter.com/VLngFRpqHS
— The Coastal Journal (@1CoastalJournal) April 2, 2024
#recession … #Tech Bubble 2.0 edition#ElectricVehicles 📉 🥶 https://t.co/1YBWr3aTFp
— Invariant Perspective (@InvariantPersp1) April 2, 2024