Is growth across US equity markets (^DJI, ^IXIC, ^GSPC) too concentrated in just a handful of names, just as tech player Nvidia (NVDA)?
Richard Bernstein Deputy Chief Investment Officer Dan Suzuki sits down with Yahoo Finance’s Catalysts to weigh in on the relationship between valuations and the market at the tail-end of earnings season, also commenting on what the Federal Reserve’s June FOMC meeting could mean for growth trends.
"If you look at the levels of their [mega cap tech stock’s] growth, they’re very strong and they’re… much higher than the overall market. But those levels are actually starting to come down, even in the case of any of those mega caps you mentioned," Suzuki says. "With those slowing earnings growth, I think what’s critical is the rest of the market is actually seeing the opposite in that earnings growth is going to be accelerating from here."
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