2024-06-10 22:15:00 ET
Summary
- Because the stock market moved sharply and registered fresh all-time highs in the S&P 500 and NASDAQ, many wonder if they have missed the boat.
- The issue is that we have three companies with $3 trillion (or very close to it) in market cap, and as such, they will disproportionately move the market.
- For the broad market to catch up, we need a decline in Treasury yields without seeing a notably weaker U.S. economy.
Because the stock market moved sharply and registered fresh all-time highs in the S&P 500 and NASDAQ, many wonder if they have missed the boat. The issue is that we have three companies with $3 trillion (or very close to it) in market cap, and as such they will disproportionately move the market....
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For further details see:
Fresh All-Time Highs, Now What?