S&P 500 Hiccup

• The S&P 500 has tripled in the last decade and made investors look like geniuses due to its weighting towards successful companies like NVIDIA.
• Despite overall success, there are underlying anxieties, shown by the equal weight S&P 500 outperforming the regular index.
• Defensive sectors like healthcare, previously underperforming, are now rallying.
• Value stocks have also shown strong relative performance compared to growth stocks in recent months.