It's been a rough couple months for high-growth stocks.
But you wouldn't know it by looking at the Nasdaq. The tech-heavy index is sitting a mere 2% below all-time highs.
While tech stocks appear to be surging, many of the best performing high-growth tech stocks from last year like Peloton (PTON), Teledoc Health (TDOC), and other "pandemic winners" are at their lowest levels in 2021.
So what the heck is going on here?
Let me break it down for you.
The "Mega Caps" Drive the Nasdaq
The reason the Nasdaq is at all-time highs while many of your growth stocks are struggling has more to do with how stock indexes are structured rather than the health of the entire market.
For instance, many "mega cap" stocks have been on a great run the last month...