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  "documentTitle": "mi guide to the markets uk",
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  "authorName": "J.P. Morgan Asset Management",
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  "notes": "The chart highlights a significant increase in market concentration and risk contribution from the top 10 stocks since 2016.",
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      "text": "Index weight and risk contribution of the top 10 stocks in the S&P 500",
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      "text": "Source: Bloomberg, MSCI, S&P Global, J.P. Morgan Asset Management. Risk contribution is calculated using the MSCI Barra risk models. The top 10 stocks are based on the 10 largest index constituents in the S&P 500 each month. Guide to the Markets - UK. Data as of 31 March 2026.",
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      "kind": "title",
      "text": "Equity focus: US equity market concentration",
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