Guest Post by Chris MacIntosh
Remember all the media headlines about the Magnificent 7 carrying the stock market from earlier this year?
We’ve touched on the Magnificent 7 in previous issues pointing out that the majority of investors (both retail and professional) are increasingly putting their faith (and money) into just seven stocks. Increasing concentration of risk is what is required for blow off tops. Just saying….
It reminds us of the dot-com era when stocks like CISCO were all the rage.
Except this time around, this concentration blind chasing of just a handful of stocks is now even more severe than in the late 1990’s/early 2000’s.
Continue reading “Here’s Why the Hype in Tech Stocks and EVs is Fizzling…”