Ark Invest recently released a report pointing out that due to the long-term outstanding performance and higher market capitalization weight of large-cap tech stocks, the Nasdaq 100 Index and the S&P 500 Index are becoming more and more similar. Many mature companies, although considered pioneers 10 to 40 years ago, are no longer at the forefront of innovation.
Is the Market Overly Concentrated and Heading Towards a Bubble? Cathie Wood Points to Two Key Factors