This distribution of returns is the closest the market has come to the 25% outperformance rate recorded at the peak of the 2000 Dot-Com Bubble. The current environment is among the weakest in history for the broader set of index constituents, as breadth in the market has narrowed to extreme levels.
Wednesday, October 21, 2026
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Only 29% of S&P 500 Firms Beat Index Near Dot-Com Bubble Lows
US Markets9 days ago
US equity markets are experiencing a period of concentration not seen since the turn of the century. Approximately 29% of the stocks in the S&P 500 have outperformed the benchmark index over the last three years, leaving a small minority of firms to drive the majority of the market's gains.
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