Closing Bell: Move in Stocks Too Top Heavy? 3/29/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 29 March 2023
⏱️ 43 minutes
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| 0:00.0 | All right here |
| 0:03.2 | to the closing bell. I'm Scott Wopner live from Post 9 right here at the New York |
| 0:06.7 | Stock Exchange. This make or break hour begins with stocks rallying led by |
| 0:10.0 | what else? |
| 0:11.0 | Tech, you heard that before haven't you? The standout sector so far |
| 0:14.6 | this year on the move yet again from Meta and Microsoft to Apple and Amazon. The |
| 0:19.1 | money just keeps flowing in. Here is your scorecard with 60 minutes to go now in regulation the |
| 0:24.8 | Dow popping for most of the day today led by a nice jump in Intel and speaking of |
| 0:29.7 | that tech trade the Nasdaq off and running again after a two day breather a little rest period that |
| 0:35.6 | leads us to our talk of the tape whether the movement stocks is now to top heavy we ask |
| 0:40.3 | is the seven largest names within the S&P have accounted for nearly all of the years |
| 0:44.8 | gains. |
| 0:46.1 | Is it a sign of strength or weakness for your money? |
| 0:49.1 | Let's ask Adam Parker. |
| 0:50.2 | He is the founder and CEO of Trivariate Research, a C.M. |
| 0:53.2 | Contributor, live with me right on set. |
| 0:56.1 | All right, here's the mega tech gains this quarter, okay? |
| 1:00.1 | Apple 23%, then you got Microsoft alphabet Amazon 16 15 and 19 respectively and if you're not impressed by that take a look at that okay |
| 1:10.2 | You got the second tier, NVIDIA 84, Meta70, Tesla 56. |
| 1:17.3 | The seven mega-calf tech stocks responsible for a 5% gain in the S&P, you know what that means? The 493 others have underperformed. |
| 1:26.6 | Is that a worrisome sign? Is it a sign of strength as I ask or weakness? |
| 1:30.9 | You know, if you study that, like is the concentration or breadth and issue the results are actually a little bit |
... |
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