Opinion

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Finance

10 Stocks Own a Third of the S&P 500, and Nobody Seems Worried

Ten companies now control a third of the S&P 500's value. That's not a diversified index anymore. It's a concentrated bet on a narrative that requires a very specific chain of events to hold.

By Ray Vega · 3 min read

Finance

The Dotcom Comparison Is Wrong, and That Makes It More Dangerous

Oil crossing $100 a barrel sent markets reaching for the dotcom comparison. The framing is wrong, and getting it wrong leads to the wrong response. This is a cost-shock story, not a valuation story, and those require different analysis.

By Marcus Cole · 3 min read