Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Fortune

Jason Ma

A divergence in the stock market is now the biggest it's ever been, signaling more vulnerability ahead, economist says

Torsten Sløk Apollo Global Management Nvidia

stock traders talking (Credit: Michael M. Santiago—Getty Images)

The epic rally in shares of tech behemoths is far outpacing their profits, and it could mean the S&P 500 is looking more vulnerable, according to Apollo Global Management chief economist Torsten Sløk.

In a note on Sunday, he pointed out that the top 10 companies in the S&P 500 account for 35% of the index's market value but only 23% of its earnings.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Ecuador Priest Dies After Falling Crucifix Strikes Him During Mass as Livestream Captures Tragedy

Ecuador Priest Dies After Falling Crucifix Strikes Him During Mass as Livestream Captures Tragedy

A Catholic priest in Ecuador died after a large crucifix fell during a livestreamed Mass in Guayaquil, as the archdiocese confirmed his death and questions remained over the collapse.

International Business Times UK

Mystery 11-Foot Object Has Turned Up in a Minnesota Cornfield and Is 'Presumably a Space Object'

Mystery 11-Foot Object Has Turned Up in a Minnesota Cornfield and Is 'Presumably a Space Object'

An 11-foot metallic structure found in a Stevens County cornfield is being examined by state and federal agencies, which have yet to determine its origin or ownership

International Business Times UK

Celebrated Singer Found 'Tied Up' at the Bottom of His Swimming Pool in 'Suspicious' Death

Celebrated Singer Found 'Tied Up' at the Bottom of His Swimming Pool in 'Suspicious' Death

Gus Ormo's suspicious death is under investigation after the Venezuelan singer was found in a Florida pool amid an unconfirmed report of restraints.

International Business Times UK

Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

France is witnessing explosive protests over soaring living expenses and inadequate public services, sparking clashes with police forces. This unrest has spilled over into neighboring Belgium and Italy, marking a significant uptick in regional tensions. With more than 500 police officers reported injured and severe property destruction across various cities,…

The Times of India

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

More than 1,800 arrested as France faces up to aftermath of nationwide protests

More than 1,800 arrested as France faces up to aftermath of nationwide protests

Residents deal with broken windows and burnt out cars after tens of thousands of people take to the streets

The Independent UK

Some conservative states aren’t using Medicaid hardship exemption – for political reasons

Some conservative states aren’t using Medicaid hardship exemption – for political reasons

States like Missouri and Iowa are choosing to not take up exemption designed to help low-income people keep coverage during hardship

The Guardian - US

Related Stories

Top stories on inkl right now

Ecuador Priest Dies After Falling Crucifix Strikes Him During Mass as Livestream Captures Tragedy

Ecuador Priest Dies After Falling Crucifix Strikes Him During Mass as Livestream Captures Tragedy

A Catholic priest in Ecuador died after a large crucifix fell during a livestreamed Mass in Guayaquil, as the archdiocese confirmed his death and questions remained over the collapse.

International Business Times UK

Mystery 11-Foot Object Has Turned Up in a Minnesota Cornfield and Is 'Presumably a Space Object'

Mystery 11-Foot Object Has Turned Up in a Minnesota Cornfield and Is 'Presumably a Space Object'

An 11-foot metallic structure found in a Stevens County cornfield is being examined by state and federal agencies, which have yet to determine its origin or ownership

International Business Times UK

Celebrated Singer Found 'Tied Up' at the Bottom of His Swimming Pool in 'Suspicious' Death

Celebrated Singer Found 'Tied Up' at the Bottom of His Swimming Pool in 'Suspicious' Death

Gus Ormo's suspicious death is under investigation after the Venezuelan singer was found in a Florida pool amid an unconfirmed report of restraints.

International Business Times UK

Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

Unrest spreads in Europe: Cost-of-living protests turn deadly; leaders condemn violence

France is witnessing explosive protests over soaring living expenses and inadequate public services, sparking clashes with police forces. This unrest has spilled over into neighboring Belgium and Italy, marking a significant uptick in regional tensions. With more than 500 police officers reported injured and severe property destruction across various cities,…

The Times of India

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

More than 1,800 arrested as France faces up to aftermath of nationwide protests

More than 1,800 arrested as France faces up to aftermath of nationwide protests

Residents deal with broken windows and burnt out cars after tens of thousands of people take to the streets

The Independent UK

Some conservative states aren’t using Medicaid hardship exemption – for political reasons

Some conservative states aren’t using Medicaid hardship exemption – for political reasons

States like Missouri and Iowa are choosing to not take up exemption designed to help low-income people keep coverage during hardship

The Guardian - US

Our Picks

Kim Kardashian Is 'Technically More a Lawyer' Than Trump's Press Secretary, Jimmy Kimmel Says

During an appearance on Jimmy Kimmel Live!, Kim Kardashian discussed her legal studies as Kimmel joked about her qualifications compared with departing White House press secretary Katie Zacharia.

International Business Times UK

Picasso Plates Auction Sale: thrift find turns into $34,000 windfall; she saves one for later

While perusing a thrift store, Nancy Cavaliere stumbled upon four ceramic plates attributed to Pablo Picasso, each priced at just $1.99. After authenticating them through an auction house, she struck gold with a December 2022 sale where three plates fetched a remarkable $34,000. The plates are part of Picasso's Visage…

The Times of India

‘A key artist in her own right’: wallpaper and fabrics designer emerges from William Morris’s shadow

Creativity and influence of Morris & Co designer Kate Faulkner to be detailed in Cambridge exhibition

The Guardian - UK

Mark Cuban is worth $10 billion—but in college, he paid for junior year with a dorm-room chain letter he admits was ‘basically a scam’

Cuban, who grew up in a working-class family, says his early hustles laid the groundwork for a career that took him from a crowded Dallas apartment to billionaire status.

Art dealer who sold forged Warhols sentenced to nearly four years in prison

Leslie Roberts, 62, who created fraudulent invoices and authentication documents, also ordered to repay $2.6m

The Guardian - US

Total Ultraprocessed Food Intake Showed No Link to Colorectal Cancer in 461,682 Older Adults Followed Nearly 19 Years

A study of 461,682 older adults found no link between total ultraprocessed food intake and colorectal cancer, though meat intake still raised risk.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play