Peak Wealth Management
The odds are high that you’ve heard about artificial intelligence or Chat GPT this year. In the stock market, there is a small group of stocks known as the “7 Tech Titans”, which includes leading technology firms exposed to the AI theme. This group of stocks has significantly outperformed this year due to growing excitement about AI. As a result, the five largest companies in the S&P 500, which are all part of the 7 Tech Titans, account for 22% of the entire index’s total market capitalization.
The S&P 500 is currently highly concentrated, surpassing the previous record set in Dec 1999. As you probably recall, the markets were turbulent for 2-years following Dec 1999…
A diversified, managed portfolio will help weed out concentration risks. Our goal is to help you create a well-balanced investment portfolio that aligns with your financial goals and risk tolerance.
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