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Tag Archives: stock concentration

Jan 8, 2025

Shifting Tides: Concentration, Dispersion and the S&P 500 Risk Landscape

Since the 2010s, the dynamics of large-cap U.S. equity risks have shifted. Fifteen years ago, the market was dominated by cycles alternating between risk-taking and risk aversion, often referred to as a “risk-on/risk-off” dynamic. A key feature of this period was the higher correlation between stock and sector performance, especially during market downturns. Exhibit 1…

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