🇺🇸#stocks #us #correlation #concentration
BofA: correlation between the stocks in the S&P 500 index and the index itself has dropped to its lowest level in 20 years.
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weight of the top 3 stocks (#MSFT, #AAPL, #NVDA) in the S&P 500 = historic record.
weight of the top 5 stocks in the S&P 500 = historic record.
market cap of the top 10% of stocks has hit its highest level since 1929, surpassing 2000 (chart)
JPMorgan: the dominance of the 10 biggest stocks in US equity markets is increasingly drawing similarities with the dot-com #bubble
BofA: correlation between the stocks in the S&P 500 index and the index itself has dropped to its lowest level in 20 years.
————————————
weight of the top 3 stocks (#MSFT, #AAPL, #NVDA) in the S&P 500 = historic record.
weight of the top 5 stocks in the S&P 500 = historic record.
market cap of the top 10% of stocks has hit its highest level since 1929, surpassing 2000 (chart)
JPMorgan: the dominance of the 10 biggest stocks in US equity markets is increasingly drawing similarities with the dot-com #bubble