There is little disagreement that the word “diversification” is a pretty boring concept to discuss with investors. This may be especially true after the equity markets rallied ferociously in April 2026 led by the Mag 7 and the Tech+ trade. After trailing for the first three months of the year, the largest and most dominant companies, spending massive sums on artificial intelligence infrastructure, saw investors flood back into their shares in April 2026. Google and Amazon were both up over 25% and NVIDIA up 14%–in just one month! The market capitalization weighted S&P 500 Index soared 10.5% for the month and is now up 5.7% for the year.

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