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Month: July 2023


  • Iron Capital Perspectives
  • Second Quarter 2023
  • Iron Capital Advisors

Artificial Distribution

We have just experienced one of the strangest quarters that I can remember. At the beginning of June, Goldman Sachs research indicated that all of the return for the S&P 500 year-to-date through May was attributed to just seven stocks; the other 493 stocks in the S&P 500 have an average return of zero, nada, zilch. How did that happen?