Is the S&P 500 truly diversified? Michael Gayed, publisher of The Lead-Lag Report, joins Stocks in Translation to explore whether the S&P 500 (^GSPC) still qualifies as a truly diversified index. He highlights that a few select stocks are currently driving a majority of the momentum. As he puts it, "When a rising tide does not lift all boats, everybody drowns."

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This post was written by Neil Mulcahy.