Investors are debating whether the recent outperformance of the S&P 400 MidCaps and S&P 600 SmallCaps – collectively known as the"SMidCaps" – along with the equal-weightedAlternatively, some believe this could merely be a temporary rotation out of the Magnificent 7 stocks into the rest of the S&P 500 and SMidCaps.:’ Analysts note that the aggregate forward earnings for S&P 500 LargeCap companies have reached new record highs this year, signaling strong performance.
“That was after today's data releases showing that housing starts have remained weak, but manufacturing production rebounded last month,” the note states. A recent tech selloff was largely influenced by the Biden administration’s warning about potential restrictions on semiconductor chip sales to China, and former President Donald Trump’s comments that Taiwan should pay the US for protection considering the success of its semiconductor industry.
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