closed last week with a slight loss, failing to break out of a trading range to new highs. The dip was primarily driven by tech giants' declines as investors' lofty second-half hopes grappled with rising case counts and new economic threats.
Wilson's comments arrive as several strategists warn of concentration in tech stocks reaching dot-com-bubble levels of concentration. The bank's chief US stock chief didn't address such concerns, but noted that the upcoming recovery should counteract such crowding and make for a healthier investing environment. A more equally weighted market would be more insulated from a tech slump and jump higher when other sectors rebound, Wilson said.
I’m scared just by reading it.
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