The Trillion Dollar Club is getting so ritzy, its membership fees climbing to such exorbitant heights, that you’re better off shunning its glamorous sheen and playing your money games on cheaper courses.
Shares of companies in this golden group of five U.S. tech megastocks worth over $1 trillion, as well as two recently deposed members on the verge of regaining their valet parking passes, keep getting pricier and pricier versus the rest of the market. In the process, these stocks have come to account for a bigger and bigger—and now dangerously oversize—share of the S&P 500. In the broader market’s latest surge, from mid-May to mid-June, the club members again grew far faster than the benchmark index—which means that countless investors have more of their wealth than ever tied up in these stocks.
