Are passives distorting US market performance?
A few top-performing stocks drive stock market gains, according to an ASU researcher.
In this story published April 13, 2023, on UK Daily News:
The fact that some stocks drove the entire market isn't as unusual as you might think. It turns out that the top-performing 4% of publicly traded companies explain virtually all of the U.S. stock market's net gains since 1926. That's according to research by Hendrik Bessembinder, a professor at Arizona State University's W. P. Carey School of Business. The other 96% earn, on average, the interest rate of a one-month U.S. Treasury bill.
– Hendrick Bessembinder, professor and Francis J. and Mary B. Labriola Chair in Competitive Business
Latest news
- ASU's AI playbook: new degrees, new tools, and a mandate for every professor
W. P.
- AI + human intelligence = new skillsets for SCM leaders
Organizations that adopt "human-in-the-loop" AI systems are more likely to succeed than those…
- Former federal economist joins ASU to advance real estate research
After nearly a decade in government, Robert Martin joins the W. P.