Today I saw a market recap that’s worth a look if you hold broad index ETFs. Headline indexes look totally fine on top, but underneath, the market is splitting wide open. In September alone: * Nasdaq: +1.8% (new highs) * S&P 500: -0.4% * Dow: -4.3% * Russell 2000: -5.4% Only 31% of stocks were trading above their 50-day moving average last month. Mega-cap tech and AI hype are literally holding up the entire tape while 9 out of 11 S&P sectors fell. In Short: If you hold standard market-cap ETFs like $VOO / $VFV / $ZSP alongside tech funds like $QQQM / $VGT / $TEC, you're double-dipping on the exact same AI trade way more than you think. If you have Blossom Pro on a desktop computer, go to your Portfolio page and click "Position Overlap" funds on the right side to see the list. Not saying it's time to dump tech, but it’s definitely a good time to audit how much of your portfolio relies on just 5 or 6 mega-cap names holding everything up. Are you rebalancing into lagging sectors right now, or just riding the tech wave? — This is for informational and educational purposes and not a financial, tax, or investment advice.
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4 Comments
Nate
@hoodnate · 12d
This hit home for me. I hold VOO and always assumed that meant I was diversified, but your point about double dipping on the same few mega cap names makes me want to actually check my overlap. I am probably riding the tech wave more than I realized.
Martin McClellan
@star87 · 12d
$VGT since it hit $111 recently have been on fire 🔥
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