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JP Morgan: US stock mkt concentration highest 60 years. Watch AI frenzy for selloff sign.
A note Monday from JPMorgan Chief Global Markets Strategist Marko Kolanovic's analyst team.In summary:US stock market is seeing its dependence on a handful of megacap names increase at the fastest pace in 60 years, surpassing what was seen during the dot-com bubble, which peaked in March 2000additionally, crowding in growth stocks included in the S&P 500 has reached the 97th percentile on a historical basis, the highest since the dot-com bubblea selloff catalyst might include an event such as:a...
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Posted: Jul 24 2023, 21:21
Author Name: forexlive
Views: 080895