However, some argue that this era of easy dominance may now have passed due to the volatility induced by US politics.
While the S&P 500 rebounded briskly after its post-‘Liberation Day’ April trough, it has struggled to return to its February record high, and investor sentiment continues to be divided over whether US equities have peaked or are simply recalibrating.
Magnificent Seven splinters
In recent years, the Magnificent Seven have driven US equity performance. These firms – Nvidia, Apple, Microsoft, Alphabet, Amazon, Tesla and Meta – accounted for nearly 70% of incremental ear…
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