A story now making the rounds on Wall Street holds that the five biggest stocks represent an unprecedented share of the total U.S. market, bigger even than at the top of the internet bubble in 2000 — and we all know how that turned out. The current market share of the five largest stocks is actually below the market’s long-term average. While the largest five stocks now represent a greater share of the total market than at any time over the past two decades, that share is far lower than what was seen in prior decades. Read More...
These 5 giant stocks are driving the U.S. market now, but watch out down the road
A story now making the rounds on Wall Street holds that the five biggest stocks represent an unprecedented share of the total U.S. market, bigger even than at the top of the internet bubble in 2000 — and we all know how that turned out. The current market share of the five largest stocks is actually below the market’s long-term average. While the largest five stocks now represent a greater share of the total market than at any time over the past two decades, that share is far lower than what was seen in prior decades.
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