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A large number of technology stocks are down by 25% or more, with several down as much as 50%, even though aggregate indexes may not reflect these declines. More than one-third of S&P 500 stocks have dropped 20% or more, and only 34% of NASDAQ stocks are trading above their 200-day moving average.
Mark Minervini, independent trader and educator, shared this assessment to highlight gaps between index performance and the underlying condition of many stocks.
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Minervini has previously questioned why AI-managed portfolios at major firms are struggling to outperform the S&P 500. He has also emphasized that skill, discipline, and risk management are essential for stock market success. These comments follow ongoing scrutiny of performance gaps across different segments of the market.