The traditionally defensive US equity market is looking like a much riskier bet these days. Photo: AFP The traditionally defensive US equity market is looking like a much riskier bet these days. Photo: AFP
The traditionally defensive US equity market is looking like a much riskier bet these days. Photo: AFP
Patrik Schowitz
Opinion

Opinion

Macroscope by Patrik Schowitz

Volatile tech stocks expose growing vulnerability in US market

  • The domination of a few tech giants means the US stock market is more vulnerable to both narrow bull runs and sharp reversals in investor sentiment
  • In Hong Kong, the trend of Chinese companies listing in the city is making the market more diversified as it becomes more closely linked to the mainland economy

The traditionally defensive US equity market is looking like a much riskier bet these days. Photo: AFP The traditionally defensive US equity market is looking like a much riskier bet these days. Photo: AFP
The traditionally defensive US equity market is looking like a much riskier bet these days. Photo: AFP
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Patrik Schowitz

Patrik Schowitz

Patrik Schowitz is a global multi-asset strategist at JP Morgan Asset Management.