Equity Market Concentration - Market Capitalization of 10 Largest Companies as Share of S&P 500 Total

The concentration of the S&P 500 in its top 10 stocks has reached unprecedented levels, surpassing even those seen during the dot-com bubble. This trend raises concerns regarding market diversification and stability.

Image: Goldman Sachs Global Investment Research

Equity Market Concentration - Market Capitalization of 10 Largest Companies as Share of S&P 500 Total