📈 Magnificent Seven Regain Momentum in the S&P 500

The Magnificent Seven's share of the S&P 500 has experienced significant shifts throughout 2024, with a recent rebound since late November.

·     Strong Start in 2024: By July 10, 2024, the Magnificent Seven's market capitalization soared 41.2% year-to-date, dramatically outpacing the rest of the S&P 500's 8.8% gain. Their share of the S&P 500's market capitalization increased from 28.1% to a peak of 34.2%.

·     Mid-Year Setback: From July 10 to November 22, 2024, their market capitalization slipped by 1.6%, while the rest of the S&P 500 gained 10.4%, reducing their share from 34.2% to 31.6%.

·     Late-Year Rebound: Since November 26, 2024, the Magnificent Seven's market share has climbed from 31.4% to 33.7% as of December 13, 2024, signaling renewed investor confidence.

This highlights their resilience and continued dominance within the S&P 500 despite periods of volatility.