The markets, while staging a recovery during the second quarter, have significant risks beneath the headlines.
Concentration Risk of the top Companies in the S&P 500 is higher than before the tech bust of 2000-2002- Top 5 out of 500 represent 25%!
Markets have gone up while earnings are still FALLING!
The market rally can be traced directly to never before seen Federal Reserve actions.
The current market rally still falls within the range of previous crisis rallies during the Dot Com Bust and the Financial Crisis, which were followed by further downside, ultimately reaching lower lows than initially reached.
Click HEREand download the Q2 2020 Market Commentary.