The Wild Ride of the Giant 5 Stocks (APPL, MSFT, AMZN, GOOG, FB) v. the Rest of the Market

Posted on Sep 6 2020 - 6:06am by Newsfeed

(Source:WOLF STREET)The Giant 5 market capitalization had hit a new mind-boggling record of $7.81 trillion on Wednesday – despite Apple’s drop – having skyrocketed from their crisis-low ($4.1 trillion, on March 11) by 91%, or by $3.72 trillion, just these five stocks. Seen in this light, and in the light of their 271% rocket-ride since January 2017, this two-day drop, which wiped out $578 billion in market capitalization and was the steepest two-day drop since March 9 (-12.9%), is really just a small squiggle (market cap data via YCharts):