Published August 9, 2024
It’s been quite a week for markets. Addressing various topics around the market stress, we offer thoughts from Blake Millard. Here’s Blake commenting on Monday’s market selloff where futures were down as much as -5% before cutting that loss by day’s end. (more…)
Published July 5, 2024
Below, we offer Delta’s analysis of the top S&P 500 stocks year-to-date. The index has become increasingly over-weighted to the top six stocks in the market. Those six stocks now account for 30% of the index. This concentration has come from two factors: excitement over AI and the fact that megacap tech is regarded as a defensive position in the face of economic slowdowns. Thus, these high-growth stocks, with massive financial resources, have become the “safe” place to be in the market. You want economic growth, buy these stocks. You want safety, buy these stocks. That investment approach continues to work to the benefit of our favored Nasdaq 100 (QQQ) index. (more…)