Daily Charts - The average Fortune 500 company is over 90-years old (?!)
1.Huh... there's more Fortune 500 companies that were founded before 1950 than after.
--the average Fortune 500 company is over 90-years old (?!) 🤯
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2.Fun Fact: the equal-weighted S&P500 has historically outperformed the cap-weighted version...
the recent dominance of a handful of mega-caps is unusual, and represents a sharp deviation from trend 🤔 $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
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This makes logical sense
cap-weight:
-skews into bubbly sectors
-skews into mature companies
equal-weight:
-skews into newer growth companies
-skews into undervalued stocks and sectors
3.The higher-for-longer script for US 10yr bond yields if the Fed is done here
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