The stock market continues to hover around all-time highs, and I continue to emphasize rotating out of large-cap tech stocks and into faster-growing but less visible small- and mid-cap names. In my view, this relatively underappreciated market segment will be the best bulwark againstWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping ...

For most of the year, the stock market rally has been driven by a very small and concentrated group of large-cap tech stocks. Meanwhile, the overwhelming consensus opinion is that smaller companies with fewer resources are likely to be long-term losers in theWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He ha ...

Core Insights - The S&P 500 continues to reach new heights, but concerns exist regarding the reliance on large-cap tech stocks for these gains [1] Group 1 - The article highlights the ongoing performance of the S&P 500, indicating a trend of reaching new highs [1] - There is a concern that the majority of the index's gains are primarily driven by large-cap technology companies [1] - The author, Gary Alexander, has extensive experience in both Wall Street and Silicon Valley, providing insights into current industry themes [1]

Group 1 - The Q2 earnings season indicates a market trend where investors are favoring large-cap tech stocks while largely avoiding small to mid-cap stocks [1] - Gary Alexander, with extensive experience in technology sectors, provides insights into current industry themes and has been a contributor to Seeking Alpha since 2017 [1] Group 2 - The article does not provide any specific financial data or performance metrics related to companies or sectors [2][3]

Group 1 - The current market trend shows a significant shift as investors are favoring large-cap tech stocks over small and mid-cap growth stocks during the Q2 earnings reporting period for the S&P 500 [1] - Gary Alexander, with extensive experience in technology and startups, highlights the ongoing themes influencing the industry, indicating a strong focus on large-cap technology companies [1] Group 2 - The article emphasizes the importance of understanding market dynamics and investor behavior, particularly in the context of earnings reports and sector performance [1]

Core Insights - The stock market is increasingly focused on large-cap tech stocks, contributing to new record highs for the S&P 500 [1] Group 1: Market Trends - Investors are encouraged to protect against downside risks by rotating out of winning stocks [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies and has worked in Silicon Valley, providing insights into current industry themes [1]