Another reason not to fear the top-heavy stock market rally

Another reason not to fear the top-heavy stock market rally

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:

Large-cap tech stocks ripped higher Wednesday for the fifth straight day — up to another record high, widening their lead over the broader market.

Many investors remain skeptical of the gains this year, as a handful of tech-centered stocks are once again accounting for nearly all the returns in the S&P 500. Comparisons with the dot-com-era boom and bust abound.

To be fair,…


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