The first graph illustrates the increasing weight of the top 10 stocks in the S&P500, highlighting how their share growth is occurring during a volatile market. The second graph showcases the contribution of the profits from these top stocks to the total profits of the index companies. Interestingly, this imbalance, unlike any seen before, tends to occur during times of crises. Additionally, the fact that their share of profits continues to increase suggests that the current situation may be indicative of a classic bubble in the market.
