Making Sense of the Post-Brexit Market Rally

The video discusses recent market movements, highlighting the decline in the cost of capital and its impact on equity valuations. It notes the market's reliance on defensive stocks, indicating caution and confusion. The discussion shifts to mega cap stocks, suggesting they may lead future market growth, emphasizing the importance of fundamentals and valuation.

What are the implications of the market being cautious and favoring defensive stocks?

In what ways might mega cap tech companies influence market leadership moving forward?