Investing Outside The Mag-7

We continue to recommend overweighting the US stock market in global portfolios. While valuations might be lower in foreign markets, Eric explains, we don’t see enough economic justification to abandon our Stay Home stance for a Go Global one. Within the US stock market, we like large caps, particularly S&P 493 companies, which should expand profit margins as they adopt productivity-boosting technologies. If volatile macro news provides opportunities to buy underappreciated Value stocks on dips, be sure those dips aren’t traps. … Also: Joe reports that among Q4 reporters to date, Financials sector firms have outperformed on several metrics. He also updates us on analysts’ estimate revisions trends.