I always loved this chart from @NDR_Research, which shows that owning the largest stock in the S&P 500 has historically been a terrible strategy, relative to just owning the index.
Michael Batnick
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Anthropic has more cash on hand than all of the Mag 7 except for Alphabet. 馃槺
Our chart of the week over at Exhibit A
Our chart of the week over at Exhibit A
One of the main reasons so many breadth indicators are off the charts is because the concentration in the index is like nothing we've ever experienced.
The top 5 stocks in the S&P 500 are equal to the bottom 434. (67-500)
The top 5 stocks in the S&P 500 are equal to the bottom 434. (67-500)
One of the craziest stats in financial history:
Berkshire could fall 99% and still match the growth of $1 of the S&P 500 since 1965.
H/t @MebFaber
Berkshire could fall 99% and still match the growth of $1 of the S&P 500 since 1965.
H/t @MebFaber
Micron just went on an all-time heater.
Today at the open, Micron was the 10th largest stock in the S&P 500.
Over the last five years, the average rank was 89.
It ran from 127 last April to 10 today.
Chart by @mattcerminaro
Today at the open, Micron was the 10th largest stock in the S&P 500.
Over the last five years, the average rank was 89.
It ran from 127 last April to 10 today.
Chart by @mattcerminaro
