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Nov 07 2025

The Illusion Of Breadth

  • Nov 7, 2025

S&P 500 performance is being propelled by its disproportionate concentration in the Magnificent Seven stocks, while the Russell 2000’s leadership is powered by unprofitable small caps, thereby resulting in breadth of quantity, not quality.

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About The Author

Greg Swenson / Sr. Research Analyst & Co-Portfolio Manager

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