Holger Zchaepitz believes that the market for technology companies is heavily overbought. He gave an example by presenting graphs of the total global market capitalization. He claims that there is a bubble in the market for technology companies and expresses a concern that investors appear to ignore reports of the continuing pandemic.
Sven Henrich, a trader, agrees with him. He responded to Holger's tweet with a comment. Sven pointed out that this market is growing despite logic and looks like a miracle. It will probably end soon.
Also, some users noted this growth in tech stocks since the dot-com boom in 2000. At the same time, the concern begins to overwhelm.
Earlier, analysts had already begun to express their unrest about the unjustified growth of the S&P500 index, which includes shares of the largest companies by market capitalization of the technology sector.