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‘Passive ETFs’ Are Hiding The Bear Market

'Passive ETFs' Are Hiding The Bear Market

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Passive ETFs are hiding a bear market in stocks. That may sound like a strange statement when you look at major stock market indexes hovering near all-time highs. Currently, the top-10 stocks in the S&P 500 index comprise more than 1/3rd of the entire index. In other words, a 1% gain in the top-10 stocks is the same as a 1% gain in the bottom 90%.

...read full article on Seeking Alpha

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