Josh Brown
👤 SpeakerAppearances Over Time
Podcast Appearances
It's shit.
Restaurants are down.
Automobile manufacturers, which are also in discretionary, are down.
The sector is not in good shape.
It's being artificially propped up.
Ed points out, give me this next chart.
This is market cap and the earnings.
And we're talking about the share of the index.
So the sector is 9.8% of the S&P's market cap.
Next chart shows you Amazon and Tesla, which are 62% of the market cap weighted consumer discretionary.
62 and rising pretty much every week for the last, I don't know.
The capitalization share is in blue.
So that's the percentage of them.
So in 2018, they were 18%.
Now they're 62%.
They're almost the entire average when you think about that.
And last one.
This is just breaking it down in cap size.
The S&P 500 is in blue.
This is the consumer discretionary stock price, but by cap size.