🇺🇸 UPDATE: Bloomberg ETF analyst Eric Balchunas says concerns about the S&P 500’s narrow market breadth may be overstated, arguing that the “Magnificent 7” are more like the “Magnificent 700.”$BTC
He points to Microsoft and Google having each acquired roughly 270 companies.
What is happening?
- Balchunas challenges concerns about market concentration $BNB
- He argues that major tech companies have expanded far beyond their core businesses $ETH
- Microsoft and Google have each acquired around 270 companies, according to the cited figures
What this suggests
The argument is that the influence of major technology companies extends across a much broader business ecosystem than their stock-market presence alone suggests.
Market takeaway: The debate over S&P 500 breadth continues, with investors weighing the dominance of mega-cap tech stocks against the wider reach of their businesses and acquisitions.
#Bloomberg #ETFs #TheoDõiFOMC
He points to Microsoft and Google having each acquired roughly 270 companies.
What is happening?
- Balchunas challenges concerns about market concentration $BNB
- He argues that major tech companies have expanded far beyond their core businesses $ETH
- Microsoft and Google have each acquired around 270 companies, according to the cited figures
What this suggests
The argument is that the influence of major technology companies extends across a much broader business ecosystem than their stock-market presence alone suggests.
Market takeaway: The debate over S&P 500 breadth continues, with investors weighing the dominance of mega-cap tech stocks against the wider reach of their businesses and acquisitions.
#Bloomberg #ETFs #TheoDõiFOMC