The S&P 500’s strong overall performance reflects its heavy weighting at the top. Under the surface, nearly 40% of the index’s stocks are down at least 20% from their 52-week highs.
Source: [MarketWatch](https://www.marketwatch.com/story/nearly-40-of-the-s-p-500-is-in-a-bear-market-here-are-10-of-those-stocks-that-analysts-say-can-gain-up-to-81-93a51af6?mod=mw_rss_topstories)