The last time just 10 stocks accounted for 38% of total market cap was just before the Great Depression
Source: Goldman, zerohedge
The best performing stock in the S&P 500 last year...
Source: Charlie Bilello
MicroStrategy $MSTR now down 47% since hitting an all-time high 6 weeks ago
Source: Barchart
The Enormous Eight: 2024 Returns
Nvidia $NVDA: +171% Netflix $NFLX: +83% $META: +66% Tesla $TSLA: +63% Amazon $AMZN: +44% Google $GOOGL: +36% Apple $AAPL: +31% -S&P 500 $SPY: +25% Microsoft $MSFT: +13% -S&P Equal Weight $RSP: +13% -S&P SmallCap $IJR: +9% Source: Charlie Bilello
S&P500's Biggest Winners of 2024
source: yahoo!finance
An ETF that tracks the Mag7, $MAGS, registered its largest inflow since inception last Friday,
gathering +$157mm (~8% of current AUM), pushing December inflows to +$800mm (~41% of current AUM) Source: GS, zerohedge
US is now 75% of MSCI World Index, a 55 Year High
Source: Datastream, Special Situations Research Newsletter on X
This has never been seen before: The top 10 US stocks have accounted for 59% of the S&P 500’s gains since the October 2022 bottom.
By comparison, the next 10 stocks have contributed just 11% while the remaining 480 stocks have contributed 30%. Over this period, the top 10 stocks' share of the S&P 500’s is up 13 percentage points, now reflecting a record 40% of the index. The top 3 stocks alone reflect a record 21% of the index's market cap. A few stocks are driving the entire market. Source: Bloomberg
