Reported 12 months ago
The stock market is experiencing a significant divergence, with the top companies' market value not aligning with their earnings in the S&P 500, indicating potential vulnerability, according to economist Torsten Sløk. The soaring share prices of a few Big Tech companies are pushing the market up, while the rest of the index may not be performing as well. Concerns are raised about the concentration of gains in a small group of stocks and the potential impact on the overall market if these trends continue.
Source: YAHOO