Legendary analyst drops stunning take on stock market

The S&P 500 continues to gather steam, pushing past 6,700 for the first time, with a nearly 14% price increase, driven by AI euphoria and soft-landing optimism on Wall Street. However, market concentration has hit record highs, as the index sits at all-time highs. The top 10 stocks currently commandroughly 38.7% of the S&P 500’s value, the heaviest weighting recorded in its rich history. At the top of the heap, we have Nvidia, Microsoft, Apple, Amazon, and Meta, which powered the lion’s share of 2025’s ...