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Mega-cap stocks leading the bull market are falling, with most down in the past month amid disinflation and risk unwinding.

Market News
25 Jun 2026
Seeking Alpha
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Neutral
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Most of the largest mega-cap stocks, which have driven the bull market, have declined over the past month, with eight out of ten down. This shift reflects a broader market trend driven by disinflation and the unwinding of risk premia, causing a wide range of stock performances. The Nasdaq shows high volatility, with about a third of stocks up over 20% and one-sixth down more than 20% in three months. This divergence highlights the current market dynamics as investors adjust to changing economic conditions.

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