Forget the S&P 500. Pay attention to the S&P 493
The alternative benchmark offers a better view of America’s stockmarket
Think of America’s stockmarket. What is the first firm that springs to mind? Perhaps it is one that made you money, or maybe one whose shares you are considering buying. If not, chances are you are thinking of one of the big hitters—and they don’t come much bigger than the “magnificent seven”.
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This article appeared in the Finance & economics section of the print edition under the headline “Older and wiser”
Finance & economics November 11th 2023
- Are politicians brave enough for daredevil economics?
- America’s economic might gives it little sway in the Middle East
- America’s bad auto loans could have nasty consequences
- Forget the S&P 500. Pay attention to the S&P 493
- Why American manufacturing is becoming less efficient
- The Chinese yuan is losing value, yet gaining ground
- In praise of America’s car addiction
From the November 11th 2023 edition
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