A Top-Heavy Stocks Rally. Förväntningar på extremt vinstrally för USA:s teknikjättar.

Just nu överskuggas allt av förväntningarna på ännu ett extremt vinstrally för USA:s teknikjättar. 

I längden är det inte rimligt att långräntor ger en avkastning på 5 procent, som i USA, samtidigt som börsen värderas till över p/e 20.

Nvidia har exempelvis bara i augusti och september ökat sitt börsvärde med 12.000 miljarder kronor till närmare 60.000 miljarder kronor.

Dragloket på Stockholmsbörsen är framför allt Atlas Copco som på tisdagen för första gången passerade 1.000 miljarder kronor i börsvärde.

Ulf Petersson DI 6 oktober 2026

https://www.di.se/analys/kurschock-hotar-borsgiganterna/


The 10-year Treasury yield, the most important number in global finance, has now broken through its high from 2007, when a bond sell-off triggered the Global Financial Crisis. 

It’s now the highest since 2002.


The Nasdaq-100 also set a landmark Monday, rising 0.9% to top 31,000 for the first time. On the face of it, the big tech companies are proving immune to the rising cost of money.

The imbalance has intensified of late. The stock market hit its low for the year on March 30, when there were fears that the Iran war would escalate out of control. 


Then it pivoted and rallied as geopolitical worries eased - the S&P 500 is up 22.7% since then. 

But remarkably, 199 stocks, almost 40% of the whole, have declined.

John Authers Bloomberg October 6, 2026

https://www.bloomberg.com/opinion/newsletters/2026-10-06/a-top-heavy-stocks-rally-is-daring-bond-yields-to-break-it


Wall Street’s artificial intelligence fixation is so strong that it’s overwhelming all risks, including soaring interest rates, as investors continue to plow money into the market’s largest technology stocks and push equity indexes toward record highs.

Investors’ confidence in the durability of this rally largely rests on sky-high expectations for upcoming earnings from the tech giants that have driven the lion’s share of growth over the last few years.




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