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A $1 trillion company emerges in seventh largest market, Mike Bird notes
Mike Bird, reporter at The Wall Street Journal, observes that the seventh largest stock market globally is now home to a $1 trillion company and is close to having two such firms.
He adds that the entire index is trading with volatility reminiscent of a memecoin.
Bird previously questioned the view that index rallies are less valid when driven by a small group of stocks, noting that those stocks remain part of the official measure in a recent article. He has also compared surges in tech stock momentum to patterns seen during infectious disease outbreaks following cruise ship incidents, as detailed in another report. These observations inform his latest comments on volatility.
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