Global equity markets remain firm, supported by strong momentum in US futures, which have been hovering near record highs. However, market participants are increasingly cautious about the narrow breadth of the rally, which is being powered by a limited set of large-cap stocks rather than a broad-based participation across sectors.
Speaking to ET Now, Anurag Singh, Managing Partner, Ansid Capital noted that while headline indices such as the S&P 500 are scaling new highs and levels around 7400–7500 appear impressive, the underlying structure of the market tells a more complex story. He pointed out that the current rally is unusually concentrated, with a small group of mega-cap stocks dominating overall performance. He said, “Everybody sees 7400–7500 on the S&P and all-time highs, which is great. But the market is extremely concentrated.”
