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r/investing
Why does anyone follow the US stock indexes (S&P 500, Nasdaq)?
Investor summaryNeutral
The author questions the relevance of major US indexes, arguing they are now skewed by just a few mega-cap stocks.
Bear points
- Major US indexes are no longer representative of the broader market.
- Index performance is disproportionately driven by a handful of mega-cap stocks.
Post body
These indexes are being influenced by a few stocks. The original use of these indexes was a sentiment of how the stock market in general was doing during a time period. Now these indexes basically tell you how 8 stocks are doing. What index do you follow today?
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