$SPY looks good, no problem. But my concern is this. 7 stocks still = 34% of the S&amp;P 500. Higher concentration than the 2000 tech peak (~24%).I got June stats from my agent:$2.3T erased from Mag 7MAGS ETF: $700M outflows, worst month since launch6 of 7 names in double digit drawdownsYTD split:S&amp;P 493: +13.7%Mag 7 basket: -6.6%The other 493 stocks carried 96% of index returns.Where money rotated:LEADING: Healthcare (XLV), Financials (XLF), Industrials (XLI)LAGGING: Technology (XLK), Energy (XLE)S&amp;P 493 earnings growing ~20% in Q2.Mag 7 growth slowing.This is why I keep emphasizing on $RSP gives a better picture than $SPY. Equal weights are a better read IMHO.

Health Care Select Sector SPDR

SPDR Energy Select

Spdr Select Indu

Spdr Select Tech

Financial Select Sector SPDR Fund

SPDR S&P 500

S&P 500

Magnificent Seven ETF - Roundhill

Invesco S&P 500 Eq Wgt ETF

First Fellow