The dominance of the largest stocks globally has reached its highest level in decades, with US equities, particularly the 'Magnificent Seven' companies, representing over 70% of the world's developed markets. Profits for these top companies are expected to increase significantly, while the rest of the S&P 500 index may see a decline in profits. Global stock market indices are becoming more concentrated, with the top 10 stocks in the MSCI All Country World Index now making up almost 20% of holdings.
Global stock market indices have grown increasingly concentrated... 10 largest stocks in MSCI All Country World Index now account for nearly 20% of holdings. I offer some thoughts here on what that means for investors. via @SteveJohnson000 https://t.co/x0PxfFwRFy https://t.co/wJq6rHxVWC
"Profits for the seven biggest growth companies in the S&P 500 ... are on course to rise 38% in the first quarter, according to Bloomberg Intelligence. When excluding them, the rest of the index’s profits are anticipated to shrink by 2%." @JessicaMenton https://t.co/8dwub3EtPG
US equities, led by ‘Magnificent Seven’ companies, now account for more than 70% of the world's developed markets as global stock market concentration has risen to its highest level in decades: https://t.co/4SZf5x9FLm https://t.co/nSW6F1me2i
Posted earlier this morning: Some thoughts on the approach to long-term investing, focusing on the changing relative importance of secular, structural, tactical and opportunistic positioning. https://t.co/xNLwux539I #economy #markets #investing #Investors #stocks #bonds #bitcoin… https://t.co/2oVtwDz10d
Global dominance of biggest stocks rises to highest in decades https://t.co/5mJsKOmXJt