Navigating the S&P 500: Chipmakers and Nvidia's Impact

A market-beating fund manager warns investors about the "index waltz," where a few booming stocks like Nvidia and the Magnificent Seven tech giants dominate the S&P 500, leading fund managers to rush into these stocks to avoid underperforming the index. This behavior creates a dangerous cycle and poses a risk to ordinary investors who are flooding back into the stock market. The fund manager advises tempering euphoria for the biggest stocks and emphasizes the importance of not timing the market, while pointing out the underperformance of value stocks and international stocks compared to the market mania.