S&P 500 BULL MARKET GAINS 117% AS AI RALLY RAISES CONCENTRATION RISKS

The S&P 500 has surged 117% since October 2022, adding nearly $40 trillion in market value, largely driven by AI-related stocks.

However, the equal-weight S&P 500 has underperformed by a record 52 percentage points, highlighting the rally's narrow leadership.

With Nvidia up over 1,900% and Treasury yields recently hitting 5.34%, investors are increasingly focused on whether earnings growth can sustain the bull market.
(@WalterBloomberg)