Latest / Bull Market Conversations with Fexingo: Rallies, Momentum, and Riding Market Strength
Why Bull Markets Make Passive Indexing a Trap
The S&P 500 is at 7,354 and the Nasdaq has doubled since 2023 — so why are some of the best portfolio managers quietly reducing their exposure to passive index funds? Lucas and Luna dig into the mechanics of cap-weighted index concentration, how the top five stocks now make up 27 percent of the S&P 500 (a record last seen in 2000), and why equal-weight strategies, factor tilts, and active management are gaining traction even as passive funds keep breaking inflow records. They walk through a specific dollar example: a $100,000 portfolio that tracks the S&P 500 has more than $27,000 riding on…
The skinny
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