Taps Coogan – November 17th, 2020
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In a reminder of just how concentrated the S&P 500 has become, the following chart, via ISABELNET and from Goldman, shows the top five largest stocks as a percent of S&P 500 market cap.
Even with the historic value rotation in recent days, the ‘Masters of the Universe’ totally dominate the capitalization of US markets and that’s not even counting giants like Facebook.
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