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Thanks to the success of the FAANG stocks — Meta Platforms Inc (FB), Alphabet Inc (GOOG), Amazon.com Inc (AMZN), Netflix Inc (NFLX), and Apple Inc (AAPL) — and other heavy-hitters such as Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA), the S&P 500’s concentration of returns was, well, concentrated in recent years. In plain English, a small number of stocks accounted for a large percentage of [.
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