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Historic Extremes Create Extreme Opportunities

Equity experts discuss the recent dominance of the "Magnificent 7," the seven largest stocks by market capitalization in the S&P 500 Index, and why small- and mid-cap stocks may be poised for future outperformance.

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Key takeaways

  • A narrow group of mega-cap stocks have outperformed the broad market by a wide margin year to date in 2023.
  • Small- and mid-cap growth stocks offer superior growth metrics and lower valuations relative to the “Magnificent 7.”
  • We believe small- and mid-cap growth stocks offer better opportunities for investors to pursue capital appreciation objectives.
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