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But we saved everything 🙂.
Phil Rosen reports that Mike Green sees a rising risk of another 1987-style market crash. Green attributes this to passive investment flows pushing asset prices higher and creating a belief among a generation of investors that stocks consistently move upward.
This has led to household equity exposure reaching record highs.
Phil Rosen has documented large moves in major stocks over the past year. He noted that Microsoft shares fell 25 percent despite the company's record $82.9 billion revenue quarter. In a separate report, Rosen highlighted that Intuit dropped nearly 60 percent, ranking among the S&P 500’s steepest declines.