Goldman Sachs: Nearly half of S&P 500 stocks now move opposite to the index

marcvanderchijs · x · 2026-09-24

Goldman Sachs data shows nearly half of S&P 500 stocks (45%) now have negative beta to the index — an unusually high share. The index is being driven by a narrow group of large tech and AI names while the rest of the market trades differently. The poster argues index investing is broken and one should hold only selected tech/AI names.

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