The benchmark S&P 500 is up about 14% this year after hitting a fresh record in the past week, as did the tech-heavy Nasdaq. The benchmark S&P index, heavily weighted toward technology stocks, is up 1.8% this month, but the average S&P stock has lagged. The equal-weighted S&P 500 is up just 0.3% in June, which some investors view as a sign of waning confidence in the broader market. S&P 500 earnings are expected to rise by about 37% this year and almost 12% next year, according to Refinitiv IBES. If you are not in the few stocks that are doing well, you may be doing much worse than the benchmark index,” Lerner said.
