Part Two: We are living in extraordinary times. We are calling it the Pandemic Pivot: the changes that have occurred or accelerated because of COVID-19 and the dramatic response to it, from economic shutdown to massive life support.

The stock market performance has been largely driven by a small group of well-known mega-cap tech stocks which explains the NASDAQ and S&P 500’s stellar performance and the lagging broader markets. Apple, Microsoft, Google’s parent Alphabet, Amazon, and Facebook make up 40% of the NASDAQ’s market capitalization and 20% of the S&P 500’s.

Is the stunning rally off of the recent March lows durable? Are stock prices running on anything other than Fed fumes?

Yes, says legendary value investor Bill Miller! He will explain why he joins us for the second of our two-part interview with him.

WEALTHTRACK Episode #1702 originally broadcast on July 10, 2020

More info: https://wealthtrack.com/all-the-reasons-to-be-bullish-with-legendary-value-investor-bill-miller/

Watch Part One: https://youtu.be/G5kee6K0lAw