The US Stock Market Is Not Real Life

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Where would we be without tech stocks? There's this clutch of really big tech stocks that sit at the top of the market. They have absolutely dominated the S&P 500 for years now. And if you look at the broader index of US small cap stocks, that's doing much, much worse than the S&p. So it's a reminder that markets are not real life.

Russia’s stock market has climbed to its highest level in more than a year, European commercial real estate deals hit an 11-year-low last quarter, and Big Tech continues to prop up the US stock market.

Mentioned in this podcast:

Russian stock market hits year high as trapped investors have nowhere else to go

Traditional investors are learning it’s tricky to be picky

European commercial real estate dealmaking falls to 11-year low

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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