Carter Braxton Worth

microsoft peaked in august i mean individual securities were starting to roll and stall and starting to basically turn over and head lower way before the index and so for instance right now the index itself is only down what 12 if you were to look at the russell 3000 it's important to talk about that because that represents 98 of the investable capital united states

The S&P 500, obviously not as broad and big. And if you look at that index, the Russell 3000, the entire shooting match, it peaked on the 19th of February as down 15, 12, 15% or thereabouts. But the median performance of all constituents is down 38, meaning we're well into a bear market. It's been going on for months. And the individual stock or player on the team has been in real trouble.

The S&P 500, obviously not as broad and big. And if you look at that index, the Russell 3000, the entire shooting match, it peaked on the 19th of February as down 15, 12, 15% or thereabouts. But the median performance of all constituents is down 38, meaning we're well into a bear market. It's been going on for months. And the individual stock or player on the team has been in real trouble.

The S&P 500, obviously not as broad and big. And if you look at that index, the Russell 3000, the entire shooting match, it peaked on the 19th of February as down 15, 12, 15% or thereabouts. But the median performance of all constituents is down 38, meaning we're well into a bear market. It's been going on for months. And the individual stock or player on the team has been in real trouble.

Only now is it coming out at the index level.

Only now is it coming out at the index level.

Only now is it coming out at the index level.

It would be like watching a sickness, looking at 100 people in a room. And one person, you just don't think anything's wrong. And now everyone's sick. But it turned out, if you look back, wow, that guy was sick three weeks ago. She was sick six weeks ago. Meaning it doesn't come out at the aggregate level. All of a sudden, it starts slowly. It's under the surface.

It would be like watching a sickness, looking at 100 people in a room. And one person, you just don't think anything's wrong. And now everyone's sick. But it turned out, if you look back, wow, that guy was sick three weeks ago. She was sick six weeks ago. Meaning it doesn't come out at the aggregate level. All of a sudden, it starts slowly. It's under the surface.

It would be like watching a sickness, looking at 100 people in a room. And one person, you just don't think anything's wrong. And now everyone's sick. But it turned out, if you look back, wow, that guy was sick three weeks ago. She was sick six weeks ago. Meaning it doesn't come out at the aggregate level. All of a sudden, it starts slowly. It's under the surface.

Individual securities start to underperform, start to roll over, start to stall, start to decline, even as the index goes higher. The principle is this. Let me just say it this way. The parts compose the whole. The whole looked okay to the maybe casual observer. We're making new highs in January, but the parts were rolling over.

Individual securities start to underperform, start to roll over, start to stall, start to decline, even as the index goes higher. The principle is this. Let me just say it this way. The parts compose the whole. The whole looked okay to the maybe casual observer. We're making new highs in January, but the parts were rolling over.

Individual securities start to underperform, start to roll over, start to stall, start to decline, even as the index goes higher. The principle is this. Let me just say it this way. The parts compose the whole. The whole looked okay to the maybe casual observer. We're making new highs in January, but the parts were rolling over.

And people say, oh, it's so much money and so few to have, but it's always high end top weighted. So if you go back the last 50 years, the top 10 stocks on average, 20 plus percent weight, meaning life sorts out winners and losers. It's just the way it is. A small hardware store gets acquired by a bigger hardware store. a bigger, a better software operator takes over another.

And people say, oh, it's so much money and so few to have, but it's always high end top weighted. So if you go back the last 50 years, the top 10 stocks on average, 20 plus percent weight, meaning life sorts out winners and losers. It's just the way it is. A small hardware store gets acquired by a bigger hardware store. a bigger, a better software operator takes over another.

And people say, oh, it's so much money and so few to have, but it's always high end top weighted. So if you go back the last 50 years, the top 10 stocks on average, 20 plus percent weight, meaning life sorts out winners and losers. It's just the way it is. A small hardware store gets acquired by a bigger hardware store. a bigger, a better software operator takes over another.

We're always going towards bigger things, concentration. That's the way it is. And so the top 10 stocks, whether it was IBM in its heyday or GE or Cisco in 07, top 10 stock, always about 20% weight. But what started to happen this go round in the past 18 months is they were 30 and 33%. So much so that now that they're selling off, that's why the market is finally succumbing.

We're always going towards bigger things, concentration. That's the way it is. And so the top 10 stocks, whether it was IBM in its heyday or GE or Cisco in 07, top 10 stock, always about 20% weight. But what started to happen this go round in the past 18 months is they were 30 and 33%. So much so that now that they're selling off, that's why the market is finally succumbing.

We're always going towards bigger things, concentration. That's the way it is. And so the top 10 stocks, whether it was IBM in its heyday or GE or Cisco in 07, top 10 stock, always about 20% weight. But what started to happen this go round in the past 18 months is they were 30 and 33%. So much so that now that they're selling off, that's why the market is finally succumbing.

Yeah, I mean, over time, and everybody knows this, markets go up. There are more Oreo cookies consumed 10 years from now than now, more Gillette razors, more people. There's prosperity, there's growth, and that's figuring out who you are in the market.