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Tech concentration hits dotcom-era extremes; UBS urges portfolio rebalancing

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The top ten US technology stocks now make up nearly 40% of the S&P 500's total market capitalisation, the highest concentration since the late 1990s. The article highlights elevated index concentration in mega-cap tech, which is relevant for portfolio risk and positioning but does not by itself report a catalyst or price-moving event.

Analysis

The top ten US technology stocks now make up nearly 40% of the S&P 500's total market capitalisation, the highest concentration since the late 1990s. The article highlights elevated index concentration in mega-cap tech, which is relevant for portfolio risk and positioning but does not by itself report a catalyst or price-moving event.

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