05/02 Indices, page-71

The S&P 500 couldn’t close above the magic 5000 point mark on Thursday night, but it still managed to deliver yet another record high for investors to cheer.

Well, most investors.

For Wall Street legend David Einhorn, the market’s seemingly endless grind higher on the back of a handful of richly valued trillion-dollar stocks – most prominently tech giants Nvidia and Microsoft in recent months – could be seen as symptom of what he has described as a market that is “fundamentally broken”.