The first six months of the year was a strong period for stocks. That said, returns continue to be driven by a narrow group of equities, the 'Magnificent 7'. In fact, over the past 24 months, just seven tech-related stocks accounted for over half of the market's return. This has had two important outcomes: the market is not as well diversified as it previously was, and investors are facing a greater temptation to veer from their plans due to a fear of missing out (FOMO). We provide additional context on the current environment and offer advice for investors in our mid-year review video below.