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How hard is it to find winners?

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The combination of elevated market concentration and mega-cap leadership has meant fewer stocks have been able to beat the S&P 500 and their respective sectors. Less than 25% of stocks have beaten the S&P 500 for 10 of 11 sectors over the last six months. Far fewer stocks than average have even be able to top their respective sectors.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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