Which is to say it remains a discerning, uneven market. The equal-weighted version of the S&P 500 has trended lower over the past year versus the standard market-cap-weighted index - a sign the "average stock" is fading relative to the mega-caps.Jeff deGraaf of Renaissance Macro Research says, this pattern "is not necessarily bearish.
Before this year, the oncoming rush of unicorn IPOs was viewed as having two-sided risk. On one hand, a breathless and heedless stampeding into these brand-name startups might have generated a speculative froth and overconfidence in easy money - as in the later 1990s.
Gravity, inescapable gravity.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »