The S&P 500 index is outdated and useless and should be retired.
If the top 10 stocks in the index are higher and the other 490 lower.
The index is still higher.
So what's the purpose?
It doesn't reflect anything.
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Absolutely brilliant 👏
Is there a nasdaq 1000 that is not cap weighted?
I watch spy but is useless...qqq is cap weighted...I want a nasdaq 10000
Without appl amzn msft Google fb accounting for 40 percent