Starting Points Matter Most Of All
Today, the market capitalization of 7 tech companies accounts for a record 32.4% of the S&P 500 index. Hyped on AI mania, the S&P 500 is trading at 37x (CAPE) earnings expectations.
The Biggest Company In The S&P 500 Becomes The Third-Biggest In Wake-Up Call
The index fell just one percent from its previous week's close, ending at 6,040.53 on Friday, 31 January 2025. Read more here ...