Today's animal spirits is brought to you by Whitecharts.

Whitecharts sent us a new research piece they do.

That's not just for researching stuff.

They actually do their own research.

And it's called the real impact of mega-cap stocks

on your portfolio and the market.

And they looked at these mega-cap tech stocks.

And it's Apple Amazon, Facebook, Google,

Microsoft, Netflix, Nvidia, Tesla.

Maybe Netflix is not a mega-cap anymore.

But they wanted to break down and see

if you have a diversified portfolio.

Now, diversified is not just 60, 40 US bonds.

They're looking at 60, 40, 70, 30, 80, 20, 90, 10 and all stock.

But they're also looking at if you hold international stocks

and emerging market stocks.

If you click on the report, you can get the weights there.

But for the people I can't see, what are we looking at here?

So they're showing how much of these eight stocks.

So this is an all stock portfolio.

Again, diversified globally.

These mega-cap tech stocks make up like 13% of your portfolio

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