Odd Lots
Even in Crypto, the Meme Trades Have Been Getting Clobbered
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In general, major U.S. stock market indexes are doing just fine. But people are paying more and more attention to the fact that they’re being held up by just a handful of names.
Goldman’s weekly Kickstart note points out that there’s been a substantial decline in market breadth, and that just five S&P 500 stocks account for 35% of the S&P 500’s gain for the year.