We examine concentration risk from the "Magnificent 7" tech stocks dominating markets, drawing historical parallels to past technological revolutions and emphasizing balanced portfolio allocation over chasing recent winners.

We disucss a little known corner of the tax code that allows for in kind exchanges or stock for shares in a new ETF. It allows investors to rediversify without triggering capital gains.

The S&P 500 (-1.9%) and Nasdaq Composite (-0.3%) started the week at record highs, but the benchmark index ended the week down 2% as value/cyclical stocks sold off after the Fed's policy meeting. The Dow Jones Industrial Average (-3.5%) and Russell 2000 (-4.2%) succumbed to heavy losses of 3.5% and 4%, respectively.