Julie Biel, CFA, Chief Market Strategist, joined CNBC’s Fast Money to discuss the growing role of mega-cap technology companies in both equity and credit markets, and why today’s environment is putting diversification back in focus.
Higher Rates Put Market Concentration in Focus
Julie notes that mega-cap technology companies have become increasingly influential not only in equity markets, but in debt markets as well, where they are viewed as high-quality credits. That growing concentration comes as investors have more assets competing for capital, creating a very different backdrop across global markets.
Watch the full interview to hear Julie’s perspective, beginning at 4:05.
Recorded on October 5, 2026.