Subject: Re: Non-Mag7 screen
Right now the giants have been the place to be, for a long time. The concentration is getting worrisome for those who believe in any degree of normalcy returning, but the market can remain (what some would call) irrational for longer than you can stand it. If they remain the only place to "keep up" and do well, then switching away from them too early is the same as being wrong--you risk a long stretch of underperforming...

Mike Green at Simplify Asset Management has been making the rounds with an interesting theory. The upshot is that, due to passive/active market dynamics, he expects the giants to continue to get more and more overvalued until some point when it stops, which could mark a sudden dramatic reversal.

Here's a recent interview of Green:
https://youtu.be/URUA5FoAQOE?s...