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.
Apple and Microsoft are propping the US markets up more than...
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