Magnificent Seven and S&P 500 ex Magnificent Seven Earnings Growth

After several quarters of narrowing performance between the Mag 7 and the S&P 493, the gap widened sharply again this quarter as the Mag 7 pulled decisively ahead. The concentration risk story isn’t going away anytime soon.

Image: J.P. Morgan

Magnificent Seven and S&P 500 ex Magnificent Seven Earnings Growth