The world's top ten stocks by market value have more influence on capital markets than ever before, and that may be a bad thing, says Ned Davis Research.
The top 10 names by market capitalization in the All Country World Index (ACWI) now account for nearly a fifth, or 19%, of the benchmark's value, a record high in terms of concentration, according to a report Monday from the Wall Street firm.
Not only are they all US companies, but the top seven - Alphabet, Apple, Amazon, Meta… read more