Mag 7 driving market rally: A look back on rotation trends

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Equity markets (^DJI, ^IXIC, ^GSPC) are rebounding after a challenging start to August. Yahoo Finance markets and data reporter Jared Blikre delves into the ...

delves into the details, offering insights into the factors driving market gains — including rallies in Magnificent Seven tech stocks and gains in small-cap stocks — while also discussing the narrative around market rotation trends.An eight day rally for the S and P 500 lifting all sectors while the equal weighted S and P 500 hit a new high for the year on Monday.

So here, the S and P 500 since August 5th has outperformed, it's up 8% the smaller ones, uh five up 5%. I just want to show you the magnificent seven contributions to this latest rally $1.7 trillion since August 5th and the S and P 500 is up about 3.2 trillion in that same time period.But also look at Apple rolling back Microsoft each of those up about what, 2 51 96 billion and uh goes on down the line Tesla and alphabet even in the mix there.But uh I say, I would say suffice to say it's still really about these mega caps.

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