I’ve said many times that I don’t like how top-heavy the S&P 500 has become. Among other problems, its market-cap weighting provides a distorted view of the overall market. But if we look at the S&P 500’s performance in March and in the first quarter, we can see what’s actually driving the index.
The S&P 500 is getting too top-heavy, and that makes equal weight ETFs more appealing than ever.
The most serious risk to your portfolio is also incredibly simple and boring. That’s what makes it so dangerous.
Be very wary of statements from government officials like Fed Chair Jerome Powell. To avoid more bank runs and therefore more bank collapses, they will say anything to instill confidence in American consumers.
Time to ask for a raise. Another recession indicator. Warren Buffett likes oil. And more stories to check out “Over the Weekend.”
Powell says 2 million people could lose their jobs. Mortgage rates are trapping people in their homes. Plus other important stories from last week.
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