September 24, 2023


Diane Kimura

The top 5 stocks now reflect 24% of the entire S&P 500's market cap.

This is the same exact level seen in 2020 prior to the pandemic related crash.

In 2008, the top 5 companies reflected just ~14% of the S&P 500's market cap.

In 2000, which is widely considered one of the largest bubbles of all time, the top 5 stocks reflected ~19% of the S&P 500.

Markets are being held up by a few big names.

All of these names are AI-hype based.

Posted by: Timothy Birdnow at 09:43 AM | No Comments | Add Comment
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