Part 2/8:
Mike and Allen began their conversation by noting that the S&P 500's performance has shown a significant imbalance. Currently, only 31% of S&P 500 stocks have outperformed the index itself this year, marking one of the lowest performances in the last 50 years. Typically, a balanced market should see about half the companies outperforming the index, suggesting that the current situation is abnormally lopsided despite the overall market's rise.