Michael Burry Tracker
2026.05.07 17:57

Never in history has the S&P 500 been carried by fewer stocks

Right now, only 42 of 500 are responsible for pushing the market higher

Historically, that number sits around 100

And those 42 are being led by just 5:

• Alphabet $Alphabet(GOOGL.US)

• Nvidia $NVIDIA(NVDA.US)

• Amazon $Amazon(AMZN.US)

• Broadcom $Broadcom(AVGO.US)

• Apple $Apple(AAPL.US)

Every other time the market got this top-heavy, a pullback followed

The last time it looked like this: the Dot-Com Bubble in 2000

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