SP500 is masking what is really going on, only down 2.5% from ATH while major stocks tumble

The SP500 is down \~2.5% from ATH, so this isn't a big deal, there is no crash, there is no bubble, we are safe. Right? RIGHT?!?!

Looking around at the other shit. the AI shit. Are we just ignorant to what is going on around us?

Or are we intentionally not paying attention because ignorance is bliss?

From the same time line of SP500 ATH (the June 2026 highs). look at the sea of red.

**SNDK** *(-46%)*
**ORCL** *(-51%)*
TSLA *(-30%)*
SPCX *(-45%)*
**NVDA** *(-16%)*
**GOOG** *(-18%)*
**MU** *(-28%)*
ASML *(-19%)*
INTC *(-36%)* sorry nana
**SMCI** *(-43%)*
**IBM** *(-34%)*
**AVGO** *(-23%)*
PLTR *(-21%)*
**ARM** *(-43%)*
**MRVL** *(-44%)*

and there are more......many more

EDIT: thanks for the insight. i get it. sector rotation it is, i just thought it was odd the big names crashing down and everyone just sitting back like yeah this is normal bruh.