
S&P 500 concentration peaks as yields hit multi-year highs

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Nvidia and Apple now account for over 15% of the S&P 500, reaching levels not seen since the dot-com bubble. The 30-year Treasury yield has risen to 5.20%, a 19-year high, as markets prepare for ongoing Fed restrictions due to persistent inflation. A BofA survey indicates a record equity overweight and low cash levels, suggesting a risk of profit-taking in early June.

