"Rising Stock Market Concentration, US Inflation Challenges, and Big Natural-Gas Deal: A Snapshot of Current Economic Trends"

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Source: Financial Times
TL;DR Summary

The Financial Times presents a chart to counter the argument that passive investing is responsible for the increasing concentration of the stock market. The chart illustrates that the rise in market concentration is not solely due to the growth of passive investing, but rather a result of various factors including mergers and acquisitions, technological advancements, and changing consumer behavior.

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