Todd Coughlan

[NoLimit @NoLimitGains]

The S&P 500 is up 42% over the last 2 years.

Most people think that means the market is healthy.

Strip out the AI stocks and the same index is only up 16%.

Here is what that means for your portfolio:

The other 470 companies in the S&P 500 have collectively returned about 8% per year over the last 2 years.

That is BELOW the historical average.

It’s the same return a passive investor would have earned in any decade going back 50 years.

The only reason the headline index looks strong is a handful of companies tied to AI.

If those companies pull back, the broader market does not just slow down, it stops working.

This is what concentration risk looks like.

The entire US stock market is now leveraged to ONE THEME.

That theme has been the right call for 2 years.

But it has also turned the most diversified index on earth into the most concentrated bet on earth.

Whatever happens next in AI, happens to your portfolio.

By the way, from now on, all my moves will be shared on @InTheAssembly

Follow them before it’s too late.

[Sky Sports Darts @SkySportsDarts]

The utterly iconic commentary for an utterly iconic leg of darts 🔥🎙️🎯

[Todd Coughlan @toddcoughlan]

Big win for the maroons!

[Snettisham Fc @snettisham_fc]

Nice 5-3 win today in pretty rank conditions! Todd gets a hatty and the MOTM but a really hard working team performance with a patched together team! #Maroons

[Andrew Bloch @AndrewBloch]

The Sainsbury's website copywriter is having a bad day.

[Snettisham Fc @snettisham_fc]

First win of the season! 4-3 win in absolute thriller throwing away a first half 3 nil lead, goals from @MsSainty (2), Luke and @toddcoughlan. @Koggah also saved a pen at the end of the first half to end up keeping the 3 points

[Todd Coughlan @toddcoughlan]

Lionel Messi ❤️ please come to England for a year!

[Todd Coughlan @toddcoughlan]

Football is always the winner. What a night!

[Mattias Karén @MattiasKaren]

A massive roar goes up inside Parken as the announcer says Eriksen is "stable and awake."

[Todd Coughlan @toddcoughlan]

🇩🇰🇩🇰🇩🇰🙏🏻🙏🏻🙏🏻

[Todd Coughlan @toddcoughlan]

@ImFlashJordan @Yippers @atom_bank Maybe everyone tried to access app at same time and servers have come down. But yeah, if it’s happened to a wide variety of people makes me worry less

[Todd Coughlan @toddcoughlan]

@ImFlashJordan @Yippers @atom_bank Me three!

[Pistachio 🇮🇷 🇵🇸 @HarleyShah]

Working for five days and resting for two is the biggest ever scam that’s been normalised

[Classic Car Curation @CCCuration]

Fascinating London footage shot in summer of 67 when everyone looked like characters out of Scooby Doo. Its also worth noting how 'fit' people are without a gym in sight...

[Todd Coughlan @toddcoughlan]

@bazza2901 @Koggah And sancho.

[Lars Sivertsen @larssivertsen]

🧐

[Todd Coughlan @toddcoughlan]

@OliverDowden Great comms

[Dan Walker @mrdanwalker]

It seems deeply wrong that players and managers are having to front up and answer questions about the #EuropeanSuperLeague while the decision makers are hiding in the shadows.

[Jacob @__jg26]

Why would I want to watch Burnley vs Newcastle when I can watch the super league

[Todd Coughlan @toddcoughlan]

@MikeB_FI Top Banter Mike. Love it!