Big Tech Concentration in one chart
The spread of Nasdaq 100 over Nasdaq Composite is near ATH! Source: Bloomberg, HolgerZ
Magnificent 7 profits now exceed almost every country in the world
The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise in the profits and market capitalizations of the Magnificent 7 U.S. tech behemoths - Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla — outstrip those of all listed companies in almost every G20 country, the bank said in a research note Tuesday. Of the non-U.S. G20 countries, only China and Japan (and the latter, only just) have greater profits when their listed companies are combined. source : cnbc
According to GS, Index margins excluding “Tech” will only expand modestly in 2024.
source : gs, tme
Tech Funds are on track to see inflows of $85 billion this year, an all-time high
source: BofA, barchart
Energy is the most de-correlated sector to Tech.
Source: BNP
BofA Hartnett: "top 5 stocks = 75% of S&P500 YTD gain
Top 3 tech stocks = 90% of tech sector YTD gain, US equity “breadth” currently worst since Mar’09". Source: BofA, TME
Inflows to Tech on course for ~85bn in 2024....
Source: TME, BofA
Terrific threes
Just 3 stocks together are now bigger than the whole of EuroStoxx50, FTSE 100 and the SMI20. source : tme
