Re: Why is the S&P 500 considered \"The Market\"?
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S&P 500 has a 99% correlation with the U.S. Stock Market since 1972(As far back as I have S&P 500 data).
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How is the "U.S. Stock Market" defined here and why isn't that used as the benchmark?
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My data on U.S. Stock Market represents >99% of the market capitalization.
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