QVMM - View From The Top: 1999 Vs. Now

2024-06-19 00:00:00 ET

Summary

• Breadth has been the topic of the week, with the market cap weighted S&P 500 pushing to new highs, leaving behind cumulative AD lines and equal-weight measures of the same index.
• The combined market cap of what are currently the 30 largest stocks in the S&P 500 account for almost 53% of the index.
• Setting the calendar back a quarter century, a third of the 30 largest S&P 500 stocks were also in the top 30 in 1999.

Breadth has been the topic of the week, with the market cap weighted S&P 500 pushing to new highs, leaving behind cumulative AD lines and equal-weight measures of the same index....

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