Earnings Outweigh Geopolitics... And Everything Else For That Matter

Concentration is broadening out in US equity markets to start 2026 with Industrials, Healthcare, and Tech all outperforming as investors position in the early days of 2026.

This broadening is most evident in the chart below with Mag7 names down around 0.5% YTD while the other 493 names in the S&P 500 are up a stunning 2.5% YTD...