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May 26 2023

What Is Narrower Than “Narrow”

  • May 26, 2023

The May Green Book, published a short three weeks ago, included an article titled “Market Narrowness in 2023” discussing the Big Tech theme’s market leadership this year.  We noted that 77% of the S&P 500’s year-to-date return through April 30th was produced by the nine S&P 500 members of the NYSE FANG+® Index, itself a collection of just ten large companies that dominate the Social/Cloud/Innovators cohort.  (As for which FANG+ company is not also in the S&P 500, that is your puzzle challenge for this long weekend.)

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About The Author

Scott Opsal / Director of Research & Equities

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