The Magnificent 7 stocks — NVIDIA, Microsoft, Alphabet (Google), Apple, Meta, Tesla and Amazon — now make up around 35% of the value of the US stock market, and NVIDIA’s market value makes up about 19% of the Magnificent 7. The S&P 500 has never been more concentrated in a single stock than it isContinue reading "AI: bubbling up"| Michael Roberts Blog
At yesterday’s end July meeting, the US Federal Reserve Bank held back from cutting its policy interest rate from the current high of 5.25-5.5%. This was despite recognizing that the US econo…| Michael Roberts Blog
