Melson: Small Area of Market Tends to Drive Index Gains

In answer to concerns around market breadth and the Mag 7, Garrett Melson says “if you do the empirical work,” a very small portion of the market tends to drive overall gains historically. He talks about potential market rotations, and active vs passive investing right now. “There are absolutely opportunities for stock pickers,” he adds, despite market narrowness.

Market On Close

30 Jan 2025

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