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
investorpolitico 