And it is not simply that those other market areas are valued relatively attractively to the mega-cap growth stocks—they are also valued attractively relative to their own history.

Source: https://www.etftrends.com/model-portfolio-channel/is-the-factor-wheel-rolling-again/

How do you think those effects differ for the mega-cap established drugmakers versus the smaller caps?

Source: https://www.etftrends.com/blackrocks-jacobs-healthcare-next-big-investment-theme/

Seven mega-cap stocks did the lion’s share of heavy lifting, and the common thread tying them together was artificial intelligence.

Source: https://seekingalpha.com/article/4614743-a-pretty-resilient-first-half-for-us-equities?source=feed_all_articles

Ten of the eleven GICS equity sectors finished lower on the week, with particularly sharp pressure on ) stocks following a generally downbeat slate of mega-cap tech earnings results.

Source: https://seekingalpha.com/article/4644874-earnings-cant-cure-gloom?source=feed_all_articles

The mega-cap tech names made up 25.1% of the fund.

Source: https://seekingalpha.com/article/4570972-ety-valuation-comes-down-to-a-better-level?source=feed_all_articles