When So Much Is Owed to So Few in an Aging Equity Bull MarketBy
The risk of concentrated gains in a handful of high P/E stocks
How an imbalance of power is status quo every year in S&P 500
The U.S. equity market in 2017 has often seemed like the world’s most expensive Jenga tower. Pull out the wrong piece, and the whole thing might crash to the ground.
But is it true? Giant technology companies like Amazon.com and Facebook are dominating indexes to a far greater degree than their size alone would dictate. That’s because along with being big, they’re rising three or four times as fast as everything else…
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