Stock returns
Hello,
I came across 'this' the other day.
“If you separate out the top
06:22 five or six stocks from the US equity market and just look at how the other 490- something stocks
06:28 behave, they look, in some ways, more like the euro stock index, right? So they've been flat-ish
06:34 for the past decade or so, whereas the top five, six, seven, stocks have really lifted the whole
06:39 index. So if you separate those super companies out, there's less of a difference in some ways.”
(11) Lyn Alden's Macro Masterclass (w/ Raoul Pal) - YouTube
Yes, Lyn is correct. If you extract the best 10 performing tech names from the S&P then the performance looks a lot like the international market. Most of the exceptional US performance has come from a very small number of stocks.
Cullen
Hello,
Thanks for that.
Regards.