ML-Implode News - Hurricane Bearing Down on the Wall Street Casino

... other than the five FAANG stocks (Facebook, Amazon, Apple, Netflix and Goggle), the market has been silently collapsing since March 1st. That's right. During the last 70 days, the FAANGS have gained $260 billion in value, while the other 495 companies in the S&P 500 have lost an identical amount. And on that utterly unmistakable pattern history is absolutely clear.
In fact, the market cap of the S&P 500 has risen from $19.5 trillion to $21.3 trillion during the last 29 months. But just five NASDAQ stocks ("Big 5") consisting of Microsoft plus the FAANGs (less Netflix) account for 56% of that $1.8 trillion gain.
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When the market narrows to a handful of momo names, its all over but the shouting. Like the case of the Nifty Fifty back in the early 1970s, a crash is just around the corner.

Relevant:

Hurricane Bearing Down on the Wall Street Casino - Stockman