Mag 7: Concentration Or Diversification?

As Microsoft and Meta prepare to report earnings tonight, Deutsche Bank's Jim reid notes that this week marks six months since the broader market first digested the emergence of DeepSeek. Since that announcement, the equal-weighted Mag-7 index has underperformed the S&P 500, but it's now within a whisker of catching up.

To contextualize: on Monday, January 27 - the day DeepSeek hit the headlines -