The 5 knights of the Stock Market Rally

Posted: August 17, 2015 in Uncategorized

At this point we need to be really wary.

The entire US rally is sustained just from 5 mega-caps (Google, Apple, Netflix, Facebook and Amazon) and all these are internet sector.

Their combined gains makes up for more of the gain of the rest of the S&P500.

Before the US summer it was tech, healthcare and media.

So it is really a tiny part of the SP500…decreasing everyday.

Unless financials come to the rescue, the rally is not sustainable

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