Tech Stocks – S&P 500 Information Technology Index and 10-Year U.S. Treasury Yield – 200-Day Correlation How much should tech stocks trade like bond proxies? Can high concentration in tech stocks increase market fragility? Image: Morgan Stanley Wealth Management
Market Capitalization – 5 and 25 Largest S&P 500 Companies The U.S. stock market concentration is falling off all time highs, but the S&P 500 remains highly concentrated in a few stocks. Image: Morgan Stanley Wealth Management
Percent of S&P 500 Market Capitalization Held by the Five Largest Stocks This chart highlights the current level of concentration in the five largest stocks. Image: BofA Research Investment Committee
Importance of the Biggest Stocks by Region With rising stock market concentration, investors are taking more risk. Image: Societe Generale Cross Asset Research
Market Capitalization of FAAMG Stocks as % of S&P 500 This chart highlights the record concentration of market cap in FAAMG stocks. Image: Goldman Sachs Global Investment Research
Market Capitalization – Five Largest Companies as Share of S&P 500 Total This chart highlights the record concentration of market cap in the five largest stocks. Image: Goldman Sachs Global Investment Research
Market Capitalization of Largest Companies as Share of S&P 500 Total Chart showing the record level of concentration in the U.S. equity market. Image: Goldman Sachs Global Investment Research
% of Market Capitalization – Top 5 vs. Top 25 Companies This charts highlights the high concentration of market capitalization in the 5 and 25 largest S&P 500 companies over time. Image: Credit Suisse Research
Market Capitalization of the Largest 10 Companies as a % of the Index Market Capitalization This charts highlights the high concentration of market capitalization in the largest 10 companies. Image: Goldman Sachs Global Investment Research
Top 5 Largest Constituents as Percent of Market Capitalization This charts highlights the extreme concentration of market cap in the U.S. and global emerging markets in the top five stocks. Image: Credit Suisse Research