In what represents a familiar refrain to what investors have heard over the past several years, a small number of stocks account for a significant percentage of the S&P 500’s 2024 upside. And owing to YTD weakness in shares of Apple (AAPL) and Tesla (TSLA), the much-ballyhooed “Magnificent Seven” has been pared to the “Fabulous Five.” [...] The post Concentrated Market Leadership Benefiting QQQ, QQQM appeared first on ETF Trends .