Historic Underperformance Nearing an End?
The S&P 500 is a market capitalization weighted index, meaning that larger companies have a higher weighting in the index and therefore can have a greater impact on returns. In 2023, the Magnificent 7 (Mag 7) dominated the S&P 500 returns. The Mag 7 made up approximately 30% of the S&P 500 and consisted of…