It looks like MAGA ate the stock market. No, not the Trump acronym, the other MAGA.
Microsoft, Apple, Google and Amazon have soared beyond $5 Trillion in market capitalization. That’s 17% of the S&P 500 in four stocks.
Before the 2000 bubble burst, Cisco, Dell, Intel and Microsoft dominated the Nasdaq’s market cap. The financial media called them, “The Four Horsemen.” Is it really different this time around?