By Townhall Chicago News Staff
Oakbrook, Illinois, investment advisor Robert Kuhn said 10 stocks have driven 70% of the S&P 500’s gains since March 30, in remarks aired Sunday on AM 560’s “Destination Retirement” program, which Kuhn hosts.
“Just 10 stocks have driven 70% of the S&P 500’s performance or gain since March 30th. Think about that,” said Kuhn, president and founder of Kuhn Capital Partners.
Kuhn cited a JP Morgan study on stock performance, saying 40% of individual stocks lost money and 64% underperformed the index, while about 7% of stocks accounted for nearly all of the index’s gains. Kuhn referenced the study’s time period inconsistently during the broadcast, at one point citing 1980 to 2004 and at another citing 1980 to 2014; the source material reviewed for this story could not resolve which range he intended.
“We could be going into a period of time where there could be maximum uncertainty,” Kuhn said.
Kuhn drew a comparison to market downturns in 2000-2002 and 2008.
“Destination Retirement” is sponsored programming produced in connection with Kuhn Capital Partners. During the same broadcast, Kuhn also promoted investment products and an affiliated energy fund tied to his firm, a commercial interest beyond the market commentary cited in this story.
