Friday Dec 15, 2023
The Forgotten 493 ride again
In recent weeks, the forgotten 493 (the S&P 500 companies that aren’t the seven big tech companies) have jumped by almost 5%, while the Magnificent Seven have remained flat. IG Wealth Management’s Chief Investment Strategist, Philip Petursson analyzes the market conditions that have helped the S&P 500’s less well-known companies perform so well and explains why he’s optimistic that this performance will continue into 2024.
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