The Rally is Broadening

At their peak in July, the Mag 7 contributed 12% of the 19% rally in the S&P 500, driving 64% of the overall return. There was a lot of hemming and hawing that when they fizzled out, the rest of the market was in big trouble.

Since mega-cap tech peaked, the index has gained 3.7%, and every sector contributed to the gain except for tech.

A picture paints 1,000 words, there is no need to keep writing. You get the point. Have a great day.