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UFO - Tech And Communications Services Sectors: How Big Are These Companies Getting?
Procure Space ETF
While (thanks to Bespoke) much of the Street and the financial media have picked up on the mega-cap concentration within the SP 500, with the top 5 names now being 17.3% of the SP 500's total market cap, per Bespoke's Sector Snapshot as of Thursday, January 16th, 2020.
What's more fascinating to me is the individual stocks weightings within the 11 sectors within the SP 500.
Looking at the top of the above table provided by IBES by Refinitiv, Apple (AAPL) and Microsoft (MSFT) are 40% of the Technology sector's market cap weight. Apple's