"The Most Concentrated Market In History": A Macro Guide To The Magnificent 7 In 13 Charts

While everyone is talking about the impact of the Magnificent Seven stocks - and with good reason: they have dominated stock markets over the last few years - even well before they went exponential, back in 2015, Apple, Alphabet and Microsoft were already the 1st, 3rd and 4th largest members of the S&P 500, according to DB's Jim Reid who has published his latest thematic report on the Magnificent Seven summarized in several key charts.

Below we excerpt from the report, starting with the total returns of the Mag 7 vs, well, pretty much everything else.