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The Nasdaq 100 index, compared to commodities, is at its highest level since the Dot-com bubble. US tech market cap share of the total US equity market is 33%, the largest since March 2000. Cumulative inflows into money market funds are on pace for the 2nd highest year on record. Inflows to US stocks are annualizing the highest since 2021. Analysts expect S&P 500 companies to report 3.2% earnings growth for Q1 2024. Global dominance of the biggest stocks has risen to its highest in decades, with US equities accounting for over 70% of the world's developed markets.
"Profits for the seven biggest growth companies in the S&P 500 ... are on course to rise 38% in the first quarter, according to Bloomberg Intelligence. When excluding them, the rest of the index’s profits are anticipated to shrink by 2%." @JessicaMenton https://t.co/8dwub3EtPG
US equities, led by ‘Magnificent Seven’ companies, now account for more than 70% of the world's developed markets as global stock market concentration has risen to its highest level in decades: https://t.co/4SZf5x9FLm https://t.co/nSW6F1me2i
Global dominance of biggest stocks rises to highest in decades https://t.co/5mJsKOmXJt