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Another Narrow Market Lament
How many pseudo-laments for a narrow stock rally can you stand?
A lot, I hope, because God knows I've subjected readers to plenty over the past -- checks notes -- eight years.
As a reminder: This is a perennial "concern." In other words, hand-wringing over a narrow US equity market dominated by a handful of mega-caps is nothing new. It's not a post-pandemic phenomenon. Well, it is, but it's not solely a post-pandemic phenomenon.
What's changed is the acuteness of the issue, which is to say th
Wow, I didn’t realize Broadcom and TSMC had joined the trillion dollar market cap club. I should’ve stayed in the semiconductor industry instead of moving into startup land.
The portion of my portfolio that isn’t in SPY has a common thread: for the most part, the CEOs are people I would genuinely enjoy having over for dinner. For example, tonight I would like to invite Hock.
🙂
Please note: I re-read your closing paragraph-twice.
That’s what I am thinking, putting some stops I. Mid January