---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000778765.md"
description: "$SPY looks good, no problem. But my concern is this. 7 stocks still = 34% of the S&P 500. Higher concentration than the 2000 tech peak (~24%).I got June stats from my agent:$2.3T erased from Mag 7MAGS ETF: $700M outflows, worst month since launch6 of 7 names in double digit drawdownsYTD split:S&P 493: +13.7%Mag 7 basket: -6.6%The other 493 stocks carried 96% of index returns.Where money rotated:LEADING: Healthcare (XLV), Financials (XLF), Industrials (XLI)LAGGING: Technology (XLK), Energy (XLE)S&P 493 earnings growing ~20% in Q2.Mag 7 growth slowing.This is why I keep emphasizing on $RSP gives a better picture than $SPY. Equal weights are a better read IMHO."
datetime: "2026-07-06T22:35:43.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000778765.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000778765.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000778765.md)
author: "[First Fellow](https://longbridge.com/en/profiles/27399941.md)"
generator: "portal-rs"
---

# $SPY looks good, no problem. But my concern is thi…


### Related Stocks

- [XLV.US](https://longbridge.com/en/quote/XLV.US.md)
- [XLE.US](https://longbridge.com/en/quote/XLE.US.md)
- [XLI.US](https://longbridge.com/en/quote/XLI.US.md)
- [XLK.US](https://longbridge.com/en/quote/XLK.US.md)
- [XLF.US](https://longbridge.com/en/quote/XLF.US.md)
- [SPY.US](https://longbridge.com/en/quote/SPY.US.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [MAGS.US](https://longbridge.com/en/quote/MAGS.US.md)
- [RSP.US](https://longbridge.com/en/quote/RSP.US.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**