Stocks may be \'too big to fail\' as Main Street fixates on market moves\, strategist says

Stocks may be 'too big to fail' as Main Street fixates on market moves, strategist says

Business Insider Tuesday, 4 August 2020 ()
Stocks may be 'too big to fail' as Main Street fixates on market moves, strategist says· *Americans' connection to the stock market might has made equities "too big to fail," Michael Kantrowitz, strategist at Cornerstone Macro, said in a note.*
· *The S&P 500 has never been so closely correlated to consumer confidence, and the US market cap-to-GDP ratio sits at record highs.*
· *A market tumble could place a...
0
shares