financialsense.com / FS STAFF / 12/07/2017
Despite last Friday’s pullback, nearly all markets have been heading higher with no end in sight.
Market strategist John Roque at Key Square Capital Management recently spoke with Financial Sense Newshour to discuss his outlook and a number of risks building under the surface.
For related podcast and slides, see Interview With Key Square’s John Roque.
Tech Market Concentration
The former strategist for Soros Fund Management said even though bears have been wrong for years and it’s pretty hard to fight the upward trend, we do see high levels of concentration that are concerning.
For example, if you look at Apple, Amazon, Facebook, Google, and Microsoft, they now make up almost 15% of the S&P 500. At the 2000 peak, Cisco, Intel, Microsoft, and Oracle made up 15.4%.