Forget MAGA, it's a MANA market in 2018.
Since the start of the year NYSE's FANG+ Index has massively outperformed the broad market.
With Information Technology accounting for 97% of the S&P 500's total return performance YTD.
However, as S&P Dow Jones Indices' Howard Silverblatt tweeted today, it gets even more concentrated, forget FAANG+, FANG, it's MANA that matters as just four stocks – Microsoft, Apple, Amazon, and Netflix – were responsible for over 68% of the S&P 500's total return through Monday.
So the message from 2018's markets is simple – diversification is for losers, buy what's working, trend is your friend, it's a no-brainer.