This post from Bespoke Investments is a couple of weeks old, but the numbers haven’t changed much since then. It speaks volumes however of what has been going on behind the curtain so to speak:
Below is one chart from this week’s Bespoke Report that shows the strength we’ve seen from the mega-caps in 2020. As shown, the five largest stocks in the S&P 500 have collectively added $1.66 trillion in market cap this year. The other 495 stocks in the index have lost $1.61 trillion in market cap!