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Random Gleanings: Average Stock in 2021 / Top Heavy Market? / New Year's Meal Thumbnail

Random Gleanings: Average Stock in 2021 / Top Heavy Market? / New Year's Meal

Random Gleanings


Happy New Year!  PP&W's dynamic duo of Chris & Jesse offer thoughts on the average stock in 2021 (hint: the INDEX defied the AVERAGE), counter views on the Market's top-heaviness, and a little food for thought on New Year's Traditions.  Thanks for tuning in! 


Charts from the episode:

Some of the 2020 High Flyers got crushed in 2021, which wasn't reflected in the major indices.


While the S&P 500 saw a Max Drawdown of 5.2% in 2021, the vast majority of the 500 components (93%) experienced a 10% decline during the year.  11% of the components (55 stocks) experienced a 30% decline! 


Top Heavy??? Well, the top 5 stocks have never represented a higher weighting of the index in the last 40+ years.


Before we get to negative on the "heaviness" of stocks at the top... this chart shows that the Net Income of the top 25 companies represents a higher percentage of the total index income than their Market Cap Weighting.


Then: Top 5 Stocks in 1999


Now: Top 5 Stocks from 1999 performance until now


Chris went with the traditional Southern Dishes for New Year's... Jesse opted for seafood. 

What's your tradition?