One of the big stories of the year has been the lack of breadth in the performance of the US stock market. The so-called "magnificent 7" of Microsoft, Amazon, Apple, Google, Meta, Tesla and Nvidia have generated 71% returns. The S&P 500
“Does all of this mean the index is “broken”? I hesitate to say that. But I do think this is all consistent with something strange going on that creates more potential risk than some people could be comfortable with.”
“Does all of this mean the index is “broken”? I hesitate to say that. But I do think this is all consistent with something strange going on that creates more potential risk than some people could be comfortable with.”
So maybe, they say.