Superstar Stocks

The US equities market has never been this top heavy

Dec 21, 2021

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‘Only ten stocks really matter’, declared Robert Armstrong in a recent FT Unhedged newsletter. He showed that the returns on the 10 largest stocks have handily beaten the S&P 500 index over the past two years. Apple is closing in on a $3tn valuation. That’s larger than the GDP of India, France, the United Kingdom, Canada or Australia. Indeed, it is larg…

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