Group 1 - Apple, Microsoft, and Nvidia now account for 17.5% of the US stock market, a share that has doubled over the last 5 years, with a combined market cap of US$11.8 trillion [1][6] - In 2010 and 2015, the combined weight of these three companies was only 3.1% and 4.2%, respectively, indicating significant growth in their market influence [2] - The energy sector represents only 3% of the US stock market, approaching all-time lows in S&P 500 sector weights, highlighting a stark contrast to the tech sector's growth [2][6] Group 2 - Gold prices have reached new all-time highs, reflecting changing market dynamics and investor behavior [2][6] - A significant downward revision of job numbers suggests that the US economy may not be as strong as previously thought, potentially impacting Federal Reserve decisions [3][4] - Money market mutual fund assets have reached a record US$7.3 trillion, indicating a large amount of capital that could enter the stock market if interest rates are cut [4][6] Group 3 - Weekly market performance shows various stock exchanges with positive returns, with the Hong Kong Stock Exchange leading at 4.1% for the week and 30.0% year-to-date [8]
Become a Better Investor Newsletter – 13 September 2025