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Podcast: WorldWide Markets with Simon Brown
Episode: The Four Horsemen of Big Tech (hello 1999) (#549)
Description: Simon Shares US inflation for June was 3.0%, expected was 3.1% and previous 4.0%. Next FOMC meeting is 25/26 July. I think they still do a 0.25% rate hike, but then maybe pause for good, well until cuts start next year. Nasdaq100 special rebalance to cut the 'Magnificent Seven' to "address over concentration in the index by redistributing the weights." Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla are the magnificent seven. They account for 55% of the index. Effective close 21 July Done twice previously; December 1998 and May 2011. The combined weight of the five stocks with the largest market caps...