Wed 4/5/23
Bull markets end with everyone in a concentration of stocks holding up the rest of the market which is deteriorating fast.
Here is the rundown
MSFT and Apple are 13.3% of the SPX
MSFT apple, amazon, google, tesla, nvidia and Meta, just seven stocks are 51% of he NDX
Once this handful goes up for sale the bear market really gets underway
in the news
each morning i leaf thru the headlines of the WSJ yellow high lighter in hand, take a look today
Negative mood explodes with Trump indictment
Drops in job opennings, signs of slowdown
CS shareholders show anger, a bit late for that
5,000 GM workers take buyouts to cut costs
VIrgin Orbit crashes to the ground, shares fall from 10 bucks to zip in less than two years
Movie theater pain worsens
aparatent building sales drop 74%, most in 14 years
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bond prices are up a smidge today, I am wondering if the FED will not announce that's it for rate increases
WTIC holding above $80
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