What does equity market concentration really tell us?
ANALYSIS: Consider the actual economic profit or earnings relationship to concentration, as concentration itself isn’t a factor to be feared.
Mega-cap companies have developed stronger foundations as technology such as generative AI have emerged.
Andrew Bascand and Chris Di LevaTue, 03 Sep 2024
Last week, one of the world’s largest companies posted earnings. Nvidia has been more than just a market darling, it has epitomised the concentration of stocks in the global equity index. Rising from a fraction of a percent, Nvidia now stands at more than 6% of the S&P500 index, which is
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