Magnificent Seven: More diverse than they may appear
The “Magnificent Seven.” It’s an understandable, memorable, and concise term, but its simplicity masks important distinctions. With the backdrop of strong U.S. stock market performance attributed to a handful of technology companies, the group’s run has fueled questions about market concentration. When we look more closely, we see a clutch of U.S. stock market leaders that are more diversified than some may think.
