U.S. stocks overvalued? The numbers say…

A Bank of America survey just revealed that a record 91% of global fund managers think US stocks are overvalued. But before you start second-guessing your portfolio, here’s some much-needed perspective.

As I shared with The Daily Upside, “the market is rarely the monolith we make it out to be.” What’s fueling these concerns? The eye-popping rise of the Magnificent Seven—giants like Apple, Microsoft, and Nvidia—which now make up nearly 30% of the S&P 500’s total market capitalization. Their size skews averages much higher than the typical public company, making the whole market look pricier than it really is. This concentration risk has prompted a surge in interest for alternative index funds, like equal-weight or capped-weight ETFs, that spread investments more broadly and reduce dependence on just a handful of names.

Of course, clients have plenty to worry about—whether it’s tech stock dominance, market volatility, or algorithmic trading. But beneath all the noise is a timeless truth: successful investing is about sticking to a diversified, long-term plan and not getting swept up in headlines or “unknowns.” As I remind clients, now is a great time to look beyond the usual suspects and build a real plan for your own goals—not just chase last year’s winners.

If you’re concerned about market concentration, or want help finding a smarter path through today’s complex landscape, let’s talk. Building wealth isn’t about fear or fads—it’s about staying prepared, staying patient, and always keeping your focus on what truly lasts.