5 companies now make up 20% of the S&P 500. Here's why Goldman Sachs says that's a bad signal for future market returns. (MSFT, AAPL, AMZN, GOOGL, FB) | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

5 companies now make up 20% of the S&P 500. Here's why Goldman Sachs says that's a bad signal for future market returns.

Breadth of the stock market is an indicator that measures how many stocks are advancing relative to those that are declining. When a market has narrow breadth, it means a relatively small group of stocks are driving the upside in the market, while the majority of stocks are declining.Meet the 20-year-old day-trading phenom who's turned $20,000 into more than $1 million. He details his precise strategy — and shares how he made $11,400 in 2 minutes.

Goldman warned that sharp declines in market breadth have often signaled large market drawdowns in the past. How long can investors expect this extreme narrow market breadth and mega-cap concentration to last? Goldman noted that while the median episodes of narrow market breadth lasted three months, the longest period was 27 months, from 1998 to 2000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Gives the term household names a whole new meaning

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The 20 minutes that broke the oil marketIn a 20-minute span that ranks among the most extraordinary in the history of financial markets, the price of oil cratered to a level that few, if any, thought conceivable. Ra🔺☀️ G💀🌪️❤️ndromedSia'Mısır💥 maggieNYT November 8th 2016 the day that broke the media.
Source: latimes - 🏆 11. / 82 Read more »