[New post] CHARTS THAT MATTER: Big Tech $GOOGL $AMZN $AAPL $FB $MSFT (MARKETWATCH)
Mark Yu DPT posted: " "Any time a sector gets to around 30% [of the S&P], something bad happens and it will go back down," said Brendan Connaughton, founder and managing partner of Catalyst Private Wealth. His examples: the 1930s industrial sector, oil and ene"
"Any time a sector gets to around 30% [of the S&P], something bad happens and it will go back down," said Brendan Connaughton, founder and managing partner of Catalyst Private Wealth. His examples: the 1930s industrial sector, oil and energy companies in the the 1970s, and when dot-com bubble burst more than 20 years ago.
"Tech was over 30% of the S&P [in the early 2000s] and we saw it blow up," he said. "At some point, things get too weighted and they unwind themselves."
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