Speculative A.I. Melt Up – FOMO is Alive and Well
The 2023 stock market rally is built upon a speculative melt up of a handful of stocks.
Bear Market Halftime?
Bear markets coincident with bubble valuations and inflation tend to take years to work themselves out.
The Correction Began In 2021
The loss of momentum, leading to a stock market correction, was clear by the summer.
S&P 500 NOW MORE CONCENTRATED IN THE TOP 5 THAN EVER
Greatest concentration of stock market capitalization in the fewest names.
BEAR MARKET RALLIES
Some of the quickest and largest stock market rallies are during bear markets.