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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.
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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.