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The Top 10 S&P 500 Stocks Are 41% of the Market, and Oil Is at Record Lows Vs. Stocks

Article · September 17, 2026 · mirrored from the Hive blockchain and Telegram

The Top 10 stocks of the S&P 500 make up 41% of the total US stock market, bigger than the dot-com bubble, and only smaller than the railroad mania of the 1880s.

Chart titled "Ten Stocks, One Market" showing the top-10-stock share of the US stock market at three manias: 36% at prior tech/growth peaks, 41% today, and 63% at the 1880s railroad mania.

Most diversified retirement funds have these 10 stocks, while nearly 0% in gold or energy.

Chart titled "Your 'Diversified' Retirement Fund" breaking down a standard target-date fund: 45% US stocks, 30% international stocks, 25% bonds, 0% gold, ~0% energy.

And while oil prices are high, they are still at record lows relative to the S&P 500.... 👀

Long-term chart of the oil-to-S&P-500 price ratio from 1999 to 2026, peaking around 2008 and declining to near record lows since.

The last time oil prices were this low... 9/11 then the Iraq invasion happened.... 🌚🌚🌚


Originally posted on the Hive blockchain →
Text and images retrieved from Hive and Telegram on September 17, 2026.