Bloomberg ETF Analyst: Lack of Breadth in US Stock Market Is Not a Cause for Concern

Odaily News: Bloomberg ETF analyst Eric Balchunas posted on the X platform that over the past 100 years, only 4% of stocks contributed to all net wealth growth in the US market, and about half of companies underperformed US Treasuries, so the lack of market breadth has always existed. Microsoft and Google each acquired 270 companies. He stated that these large companies are more like small countries, and investors should perhaps view the "Magnificent Seven" as the "Magnificent 700," as hundreds of companies may currently be leading the S&P 500 index.