The infallible free market has allocated all its eggs into one basket, historically the safest and most profitable way to store eggs
The market is going all-in on AI. The biggest stocks are technology companies. The 10 largest companies in the S&P 500 accounted for 39.5% of its total value at the end of July. www.wsj.com/finance/stoc...
U.S. Stocks Are Now Pricier Than They Were in the Dot-Com Era
The S&P 500 has never been this expensive, or more concentrated in fewer companies.