Librarian Capital (@librariancapital): ""Just 3 Firms Are Driving Europe’s €420bn Stock Rout" "LVMH $MC, SAP $SAP, Novo Nordisk $NOVO have slumped by about 30% so far this year ... ~53% of the total market capitalization shed by Stoxx Europe 600 Concentration is not just a S&P 500 phenomenon https://www.bloomberg.c…"

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"Just 3 Firms Are Driving Europe’s €420bn Stock Rout"

"LVMH $MC, SAP $SAP, Novo Nordisk $NOVO have slumped by about 30% so far this year ... ~53% of the total market capitalization shed by Stoxx Europe 600

Concentration is not just a S&P 500 phenomenon

bloomberg.com

Just Three Firms Are Driving Europe’s €420 Billion Stock Rout

Three former market darlings have accounted for over half of the €420 billion ($481 billion) wiped off European stocks this quarter.

Mar 31

7:40 AM

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