Market Update

Balancing a bullish market with bleak economic outlook

     
Balancing a bullish market with bleak economic outlook

Right now, there are two sides to the economy: Wall Street and everything else. Big tech stocks continue to grow and have pushed the S&P 500 to a record high this week. The Nasdaq also hit all-time highs thanks to FAANG stocks. Facebook, Alphabet, Amazon, Netflix and Google dominate the equity landscape. Alphabet (Apple) was up 3% as of Thursday and became the first publicly traded United States company with a market valuation of $2 trillion.

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