🚨🇺🇸 The S&P 500 just blew past 7,800 for the first time ever!
The index is now worth a record $70.8 trillion, roughly the combined economies of the U.S., China, and Japan sitting inside 500 companies.
The climb has been relentless. It cleared 7,000 back in January and crossed $70 trillion just last week. Now it's knocking on the next thousand.
A handful of tech giants have done most of the heavy lifting, though the rest of the index is finally catching up.
There's a catch, though. Analysts keep circling back to "concentration."
When this few names carry this much of the market, one bad stumble drags everything down...
Source: KobeissiLetter
The index is now worth a record $70.8 trillion, roughly the combined economies of the U.S., China, and Japan sitting inside 500 companies.
The climb has been relentless. It cleared 7,000 back in January and crossed $70 trillion just last week. Now it's knocking on the next thousand.
A handful of tech giants have done most of the heavy lifting, though the rest of the index is finally catching up.
There's a catch, though. Analysts keep circling back to "concentration."
When this few names carry this much of the market, one bad stumble drags everything down...
Source: KobeissiLetter