Another ‘Since The Dot-Com Bubble’ Stat

If you had to pick just one word to describe the US equity market in 2024, what would it be? Wait. Don't answer that yet. Let me issue an addendum: If you had to pick just one word to describe the equity market in 2024 other than "bubble," what would it be? "Concentrated" is a good candidate. Of course, most bubble narratives revolve around extreme market concentration, so maybe "bubble" versus "concentrated" is a distinction without a difference. Anyway, much (too much, arguably) has been ma