This has never been seen before:
The top 10 stocks have accounted for 59% of the S&P 500’s gains since the October 2022 bottom.
By comparison, the next 10 stocks have contributed just 11% while the remaining 480 stocks have contributed 30%.
Over this period, the top 10 stocks'… pic.twitter.com/eS6RvrRsza
— The Kobeissi Letter (@KobeissiLetter) December 30, 2024