The gap between Magnificent 7 and the rest of the S&P500 widens
This year, Magnificent7 is up a whopping 75%, while the remaining 493 companies are up only 12%. Together, the S&P 500 is up ~25%, more than doubling the total return of the S&P 493. The gap between the Magnificent 7 and the S&P 493 (remaining 493 companies) is now 63%.
In other words, the Magnificent 7 has gone up three times as much as the S&P 500 and ~six times as much as the S&P 493.
Just 7 weeks ago, the S&P 493 was DOWN 2% this year.
Source: The Kobeissi Letter
Source: Vikingen.se
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