Did the ‘Big Five’ give us signs in 2007? 5/21/2017

Last week, we learned the importance of market capitalization and answered the question: With the S&P 500 making new highs, what is really driving this market?

Today, I look back to the “Big Five” stocks in 2007 to see if they gave us signals regarding the market top.

 In the beginning (Q1) of 2007, the Big Five, the largest market cap stocks (per etfdb.com) in the Standard & Poor’s 500 were Exxon Mobil (XOM), General Electric (GE), Microsoft (MSFT), Citigroup (C) and Bank of America (BAC). The price action of the top five market cap stocks can heavily influence the movement of the index up or down.
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