The S&P 500's Record High Is a Mirage: Three Stocks Are Carrying Your Retirement Account
If you own an S&P 500 index fund — and if you have a 401(k), you probably do — you're less diversified than you think. The index just closed at a record high, but that milestone is being carried by a tiny handful of tech giants while most U.S. stocks are actually down. The 'broad market' fund in your retirement account has quietly become a concentrated bet on AI.
Bottom Line
THE BOTTOM LINE: A record high on the S&P 500 sounds like broad prosperity, but this one is historically narrow — three tech companies now make up over a fifth of the index while most stocks fall behind. Your 'diversified' retirement fund is more of an AI bet than it's ever been. That's been a winning bet so far; just know that it's the bet you're making.
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