Financial News
Tech leadership stumbles, what will pick up the pace?
July 12, 2023 at 16:11 PM EDT
Mid-week market update: It finally happened. The NASDAQ 100 is being re-weighted in order to address “concentration risk” (full details here). It was a belated decision in response to narrow market leadership, but the problem seems to have moderated on its own. Large-cap technology stocks, which had been on a tear, stalled against the S&P 500. Moreover, sector relative breadth (bottom two panels) are deteriorating.
It may be time to look for new leadership.
It may be time to look for new leadership.
The full post can be found here.
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