Bloomberg Intelligence's 'Equity Market Minute' 6/9/2023

Gina Martin from Bloomberg Intelligence discusses the concentration risk in the US equity market, highlighting the significant outperformance of the top five stocks in the S&P 500. This trend is compared to historical periods like the pandemic recovery and the tech bubble burst. The discussion suggests that 2023 might reverse the trends of 2022, where these stocks underperformed. The fundamentals, including EPS growth, support this rotation, indicating a potential shift in market dynamics.

What historical events are referenced in relation to the current market performance?

What is anticipated for the earnings growth of the top five stocks for the rest of the year?