Forget the S&P 500. Pay attention to the S&P 493
The alternative benchmark offers a better view of America’s stockmarket
Think of America’s stockmarket. What is the first firm that springs to mind? Perhaps it is one that made you money, or maybe one whose shares you are considering buying. If not, chances are you are thinking of one of the big hitters—and they don’t come much bigger than the “magnificent seven”.
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This article appeared in the Finance & economics section of the print edition under the headline “Older and wiser”
Finance & economics November 11th 2023
- Are politicians brave enough for daredevil economics?
- America’s economic might gives it little sway in the Middle East
- America’s bad auto loans could have nasty consequences
- Forget the S&P 500. Pay attention to the S&P 493
- Why American manufacturing is becoming less efficient
- The Chinese yuan is losing value, yet gaining ground
- In praise of America’s car addiction
From the November 11th 2023 edition
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The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts
Why Black Friday sales grow more annoying every year
Nobody is to blame. Everyone suffers
Trump wastes no time in reigniting trade wars
Canada and Mexico look likely to suffer