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Concentration issues: A look at the top-heavy U.S. equity market

Rising U.S. equity market concentration has played a key role in the stellar stock market returns over the first five months of 2023. Looking ahead, high concentration could present a perplexing and challenging market environment for investors.

Investment recap of the inaugural SCALE conference

An recap on the inaugural SCALE conference from Chief Market Strategist Troy Gayeski.

As financial conditions loosen, another hike ahead?

This week’s chart looks at why easing financial conditions—and stronger financial markets—may be problematic for the Fed.

Credit market commentary: May 2023

Despite solid economic data and better-than-feared corporate earnings credit turned in mildly negative returns in May.

Credit attractive compared to expensive stocks?

Stocks remain expensive and credit markets may offer an attractive alternative. This week’s chart looks at diverging valuations over time.

Stock market concentration near a tipping point?

Concentration issues? This week’s chart looks at the top 10 stocks’ growing representation within the S&P 500.

Global central bank guide: June 2023

Stay up to date on the latest moves from major central banks across the world.

FireSide: Concentration issues—Focusing on the top-heavy U.S. equity market

The Investment Research team unpacks the risks of elevated concentration in U.S. equity markets
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