This Billionaire Investor Called the Stock Market a ‘Hollow Tree’ — Here Are the Disturbing Numbers That Say He’s Right

Wall Street’s major indexes can tell a comforting story even when the stocks beneath them are struggling. A handful of trillion-dollar technology companies can push the S&P 500 toward record highs while hundreds of other businesses quietly slide into correction territory. It’s a peculiar feature of a market increasingly dominated by its biggest companies, […]