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The S&P 500 is an index of 500 US stocks that covers roughly 80% of the available US market capitalization. It is one of the oldest and best-known stock indexes in the world. The S&P Dow Jones Indices website says that there are 3.4 trillion US dollars indexed to the S&P 500. That is 3.4 trillion US dollars invested in index funds that are tracking the S&P 500 index. That is a lot of money invested in the S&P 500.

Referenced in this video:
Do Global Stocks Outperform US Treasury Bills?: https://papers.ssrn.com/sol3/papers.c...
Global equity investing: The benefits of diversification and sizing your allocation: https://www.vanguard.com/pdf/ISGGEB.pdf
International Diversification Works (Eventually): https://www.aqr.com/Insights/Research...
The S&P 500 Goes Supernova: http://multifactorworld.com/the-sp-50...

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