"Tech Surge Sparks Bubble Fears: J.P. Morgan and Ed Yardeni Weigh In"
TL;DR Summary
J.P. Morgan's quantitative strategists draw parallels between the current stock-market rally, dominated by Big Tech, and the dotcom bubble, citing a high level of concentration in the market. While there are differences in valuations and earnings growth between the two periods, the team warns of potential equity market drawdowns driven by weakness in the top 10 stocks, particularly in Big Tech, which has been outperforming. This analysis comes as the S&P 500 continues to reach record highs, with the top five stocks accounting for a significant portion of the market.
- J.P. Morgan sees shades of the dotcom bubble in Big Tech-dominated stock market MarketWatch
- Is Nvidia today's Cisco? Here's what Ed Yardeni thinks. Yahoo Finance
- A Stock Market Meltup Is a Growing Worry for Ed Yardeni Amid Tech Surge Markets Insider
- Is your mutual fund looking limp? Blame the Mag7 Financial Times
- Nvidia Run Is Akin To Cisco's 1990s Run: 'More Upside' - NVIDIA (NASDAQ:NVDA), Cisco Systems (NASDAQ:CSCO) Benzinga
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