S&P’s biggest winner YTD isn’t the Mag 7, it’s Industrials. 🏆

Industrials is the best performing sector year to date. And within the Magnificent 7, we we still think of the moniker as representing leadership from a performance perspective when the reality is that they represent leadership from a contribution perspective. Of the seven stocks, only three are outperforming the S&P on a year-to-ate basis.The other four are underperforming. And in fact, if you look at the top 10 best performing stocks in the S&P this year, not a single one is in the Magnificent Seven. So I ...