Well you just turned the point from a financial to a semantic one. What really is the market? We could discuss it for hours, but the reality is that (US )"ma

Well you just turned the point from a financial to a semantic one. What really is the market? We could discuss it for hours, but the reality is that (US )"market" in finance does refer to the S&P500. So "beating the market" always means beating the S&P500.