If it weren’t for the “Giant 5,” your money would have been better off sitting in cash than the stock market over the past few years, according to Wolf Richter of the Wolf Street blog.
Yes, investment gains since early 2017 have been completely dominated by Apple
to the point where the broader market, despite some wild fluctuations, has delivered virtually nothing without the upward push of those stocks.
For some perspective on how this has played out, here’s what the Wilshire 5000, a market-capitalization-weighted gauge of all U.S. stocks, has done since January 2017, minus the Giant 5:
That’s right… nothing.
“A miserable savings account would have outperformed the overall stock market without the Giant 5,” Richter said, “and would have done so without all the horrendous volatility of the two sell-offs.”
In contrast, he said the Giant 5 Index has exploded for a gain of 184% over the same…