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Podcast: Money Life with Chuck Jaffe
Episode: Stack's Jonson: 'It's going to be tough for the S&P 500 to make progress'
Description: Zach Jonson, chief investment officer at Stack Financial Management, says that the top-heavy nature of the stock market -- with so few stocks driving the bulk of returns in 2023 -- is going to make it hard for the standard & Poor's 500 index to gain much ground this year, though he notes that as investors have been chasing the same small group of stocks in a few sectors, other "high quality parts of the market have become notably more attractive." He compared it to the tech bubble of the late 1990s -- "the last time you had concentration anywhere close to...