Thoughtful Money with Adam Taggart · Thursday, September 24, 2026
Ted Oakley points out that while major indices like the Nasdaq 100 appear strong, most sectors within the S&P 500 are actually down significantly from their highs. He attributes this market divergence to a large amount of money flowing into a single sector, which he believes is unsustainable.
“But I think if you look at 11 sectors on the S&P right now, the average sector is down 18 or 19% off the high. So underneath, underneath all that, the market's not doing so well.”
“I mean, if you want to judge it by the QQQ or the Nasdaq 100, you know, then things seem to be okay. But see, you just have a lot of money going into one thing.”
“Uh, and I don't again, I don't think that'll last.”