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The Market Rally's "Drive for Five" and Jamie Dimon's Letter to Shareholders 4/4/23

Squawk on the Street

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The S&P 500's Rally Is Almost Totally Due to 20 Companies

The S&P's riding four straight wins, we'll see if we can get five today. The Apollo has a good chart today. Almost entirely due to 20 companies. It's like the old days. We know which ones they are. Is it a problem or not? Look, I think that there's nothing you can do. When you have a slowdown, a credit slowdown, you tend to buy one of my companies that don't need credit,. none of those needs credit.

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