We're not looking at another tech bubble.
Strong S&P 500 headline performance so far this year masks the market distortion caused by extreme concentration in a few mega-cap tech stocks.
Read more from Jack Ablin, CFA in this week's market update. https://lnkd.in/gQ_Xmc6g
@Otavio thanks for provide us with timely critical warning identify US tech 1998-2000 and peaking of the bubbles 2021- 24 just repeating my lecture warning US EU high tech IT ECB Nov1998 celebrating post EURO strategy and lectures warning 1999 to DC U S Business statistics, DC Area Finance and my Linked posts 2020 -2024 Santa rally crash continue spreading on Chips AI speculation into 2024 bubble crisis
The correlation between tech stocks and treasuries is now as positive as it was during the peak of the tech bubble in early 2000.
This issue strikes at the heart of conventional 60/40 portfolios, as the risk of overweighting these two asset classes has significantly increased.