The US stock market appears to be in or on the verge of entering a bull market, but this is one of the skinniest bulls ever, with a mere seven companies (and a total of eight stocks) accounting for more than the entire 9.65% total return (including price gains and reinvested dividends) that the S&P 500 SPX had for the first five months of the year. That’s an annualized return of more than 23%.
But without the Select Seven, the S&P is down slightly for t...