SPX up 14% YTD but the real alpha was in the names nobody was watching early:

$SNDK +578%
$MRNA +568%
$DELL +361%
$MU +263%
$MRVL +224%

This is why indexing is for tourists. Concentration > diversification when you actually know what you're holding.

AI infrastructure, memory plays, and biotech momentum absolutely ripped faces off while normies celebrated their 14%.