In fits and starts, the market finally delivered a Santa Claus rally for the month of December. In fact the market - if one thinks of the market as the S&P 500 - had a very good year.
But dig a little deeper, and you discover that five individual stocks in the S&P 500 (Apple, Alphabet, Microsoft, Nvidia and Tesla), accounted for more than half the benchmark’s gain since April.
But dig a little deeper, and you discover that five individual stocks in the S&P 500 (Apple, Alphabet, Microsoft, Nvidia and Tesla), accounted for more than half the benchmark’s gain since April.