Bloomberg Intelligence's 'Equity Market Minute' 2/13/2020

The video discusses the strong performance of tech stocks in 2020, highlighting their significant returns compared to the S&P 500. It addresses investor concerns about market cap concentration and compares current valuations to those in the late 1990s, suggesting no bubble exists. The analysis includes graphs showing market cap concentration and earnings yield, indicating that tech stocks are not overvalued compared to historical standards.

What risks are associated with the concentration of top stocks in the market?

What does the earnings yield for tech stocks today suggest about their valuation?