“The S&P 500 is not the same index it was when your father bought it”

I wanted to call your attention to an interesting chart posted by the Wall Street Journal looking at how much “defensive” sectors have shrank (shrunken?) in relation to the overall stock market over the last 30 years. The degree of defensiveness within the S&P 500, which Leuthold Group calculated by using the percentage of the index’s market capitalization comprised of defensive sectors, has fallen nearl...

source http://thereformedbroker.com/2018/06/29/the-sp-500-is-not-the-same-index-it-was-when-your-father-bought-it/