Are passives distorting US market performance?
A few top-performing stocks drive stock market gains, according to an ASU researcher.
In this story published April 13, 2023, on UK Daily News:
The fact that some stocks drove the entire market isn't as unusual as you might think. It turns out that the top-performing 4% of publicly traded companies explain virtually all of the U.S. stock market's net gains since 1926. That's according to research by Hendrik Bessembinder, a professor at Arizona State University's W. P. Carey School of Business. The other 96% earn, on average, the interest rate of a one-month U.S. Treasury bill.
– Hendrick Bessembinder, professor and Francis J. and Mary B. Labriola Chair in Competitive Business
Latest news
- Master's in finance program helps Adam Ray find confidence, purpose in career
Adam Ray (MS-FIN '25) chose to stay at W. P.
- Economic experts share 2026 outlook at 62nd Annual ASU/PNC Bank Luncheon
Top economists provide insights on U.S.
- Data-driven master’s program prepared alum Everson Wimer for career success in public accounting
Everson Wimer (MACC '24) chose to pursue accounting because he wanted to understand the language…