Hello and Happy Tuesday,
The markets traded lower last week, led by the high-flying tech companies as Nasdaq was down over three percent.
Below is a link to a chart and commentary I found insightful from our partners at Goldman Sachs titled ‘Seeking Balance’. This chart highlights the disparity we have seen between top-performing domestic stocks and the rest of the S&P 500. As you can see, the median stock in the S&P 500 is up only 5% midway through September, even as the index is up 17%.