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Opportunities exist outside the S&P 500 big 10: CIBC analyst - BNN Bloomberg

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With the S&P 500 in a bull market, CIBC Capital Markets is suggesting investors should look at spreading their finances away from the 10 stocks that brought it there.

Earlier this week, the S&P 500 entered a bull market, meaning it is up 20 per cent from its low in October. While a bull market is typically a cause for celebration, experts have been tepid as the market is largely buoyed by 10 big tech stocks, including Microsoft, Tesla and Nvidia.

“If you buy equities that historically are trading 50 per cent above their long-term average, than the risks are quite a bit higher,” he told BNN Bloomberg.

 

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