Stock Market in 2023 – The imbalance of Seven of the biggest stocks on the Market

Stock Market in 2023 – The imbalance of Seven of the biggest stocks on the Market youtu.be

The performance of the US stock market is the most concentrated it has ever been. Seven of the biggest stocks — Apple, Microsoft, Google owner Alphabet, Amazon, Nvidia, Tesla and Meta — have rallied sharply this year gaining between 35 per cent and 210 per cent this year. The remaining 496 stocks have barely moved.

Five big tech companies make up nearly a quarter of the S&P500. At $3.1trillion dollar market cap, Apple alone is worth more than the Russell 2000 index of companies combined.

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