Apple and Microsoft are propping the US markets up more than ever.
Nasdaq100 26% weighting, S&P500 14% weighting.
Market seems to think these 2 companies are recession proof.
I disagree, as Apple iphone sales stagnant and along with services would drop in recession.
While Microsoft earnings are slowly rising, would also be hit in a recession.
Both with a P/E of around 30 are priced in for perfection.
Once these 2 go, so will the markets.
BBUS, page-13895
-
- There are more pages in this discussion • 602 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SP500 (INDEXSP) to my watchlist
 (20min delay)
|
|||||
|
Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,958.8 | 0.00 | 0.00 |