I’m also still pretty confused about why the S&P 500 is so high now.
Some possible insight: the NASDAQ is doing even better, at its all-time high and wasn’t hit as hard initially, and the equal-weight S&P 500 is doing worse than the regular S&P 500 (which weights based on market cap), so this tells me that disproportionately large companies (and tech companies) are still growing pretty fast. Some of these companies may even have benefitted in some ways, like Amazon (online shopping and streaming) and Netflix (streaming).
20% of the S&P 500 is Microsoft, Apple, Amazon, Facebook and Google. Only Google is still down since February at their peaks before the crash, the rest are up 5-15%, other than Amazon (4% of the S&P 500), which is up 40%!
Thanks for the answer. Makes sense!
Some possible insight: the NASDAQ is doing even better, at its all-time high and wasn’t hit as hard initially, and the equal-weight S&P 500 is doing worse than the regular S&P 500 (which weights based on market cap), so this tells me that disproportionately large companies (and tech companies) are still growing pretty fast. Some of these companies may even have benefitted in some ways, like Amazon (online shopping and streaming) and Netflix (streaming).
20% of the S&P 500 is Microsoft, Apple, Amazon, Facebook and Google. Only Google is still down since February at their peaks before the crash, the rest are up 5-15%, other than Amazon (4% of the S&P 500), which is up 40%!