Intraday Market Thoughts
Trouble with Concentrationمشكلة مع التركيز
by
Feb 16, 2024 18:29
You've all read about the surging concentration of fewer stocks (Magnificent 5) controlling the latest record breaking rallies in indices. This reminds me of exactly 4 years ago today, when the FAANGs were making up over 40% of the rally, especially during that late upward thrust from October 2019 to the peak of February 2020. The current rally also reminds me when I started shorting SPX in Nov 2019 and held on thru the selloff of late Jan 2020. The profits were short-lived as the market rebounded to hit a new high into 19th of Feb 2020, forcing me out of the position before ... markets collapsed on Covid-19.
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![Magnif 7 Vs Faangs Trouble with Concentrationمشكلة مع التركيز - Magnif 7 Vs Faangs (Chart 1)](/content/images/forex-news/magnif-7-vs-faangs.jpg)
![Arabic Whatsapp Magn 7 Concentration Trouble with Concentrationمشكلة مع التركيز - Arabic Whatsapp Magn 7 Concentration (Chart 2)](/content/images/forex-news/arabic-whatsapp-magn-7-concentration.jpg)
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