The "extreme concentration" in stocks right now supports a "bearish outcome for the market," ... [+] JPMorgan is warning. Morgan Stanley's Michael Wilson is no more optimistic, saying on Tuesday he's not convinced the bear market is over unless the performance of small-cap and regional bank stocks—both of which have underperformed while big tech rallies—improves. Key BackgroundAfter slipping into a bear market late last year, stocks have largely rallied over the past four months. Over the past few weeks, the odds have only grown in favor of another rate hike. Further ReadingThese 7 Tech Stocks Command Almost 90% Of The S&P 500’s Gains (Forbes)Dow Gains 500 Points Thanks To Big Tech’s $320 Billion Rally (Forbes)

Source: Forbes April 30, 2023 09:22 UTC