Charting My Interruption (CMI): “S&P Investment Committee Chasing Tech.”

Highlights

  • Since November 2022, the S&P 500 has become increasingly more concentrated in Technology, now at its largest index weight in its history.
  • While the Tech sector’s performance has been a big driver of this condition, an underappreciated driver has also been the index committee's decision to chase the sector's strength.
  • The committee has actively added high-growth Tech and innovative growth non-tech stocks. . .

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