Posted on 01/30/2024 4:13:45 PM PST by davikkm
Signs of a potential market peak are emerging as the technology sector, which peaked in July, shows renewed vulnerability. This week, marked by the largest shooting star for Tech since July, is seen as a significant indicator. JPMorgan Chase & Co. quant strategists are raising concerns about the concentration of the market, drawing parallels with the dot-com bubble and emphasizing the risk of a substantial selloff.
The dominance of the 10 largest stocks in U.S. equity markets is a focal point of concern. The strategists note that highly concentrated markets pose a clear and present risk to equity markets in 2024. They draw attention to the similarity between the current situation and the dot-com bubble, highlighting the potential for a significant market downturn.
(Excerpt) Read more at citizenwatchreport.com ...
This is the signal for everyone else to sell so JPM can buy.
Dot-Coms are a different thing than Tech stocks?
ADM down about 10% after quarterly results on Tuesday.
It is up nearly 100% since end of Oct 2023.
AMD was down about 6% on Tuesday and it looked like a bad day for Wednesday but... it looks like after an initial drop down to $162.56 it has climb back up as high as $172. Down only .8% and still climbing. Last Wednesday it was $178.
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