The rise in U.S. stocks is concentrated in a few AI leaders, with institutions warning that June may mark a turning point in the market.

robot
Abstract generation in progress

Deep Tide TechFlow News, June 3rd, institutional data shows that the S&P 500 index has recently hit new highs, but the rally is mainly driven by a few AI leading stocks, with market breadth clearly weakening.

BTIG analyst Jonathan Krinsky pointed out that if the momentum of the heavyweight stocks slows down, even a rebound in small and mid-cap stocks will have difficulty preventing the index from falling back, and he expects a turning point in the market in June. Data shows that the S&P 500 has experienced a rare situation of six consecutive trading days with index gains while more stocks declined than rose.

According to Deutsche Bank data, as of the end of May, the S&P 500 had risen over 16% in the past two months, one of the fastest surges since World War II; similar but non-recession scenarios in history have only been seen on the eve of the 1987 stock market crash.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned