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Concentrating On Concentration

By Seeking Alpha February 26, 2026 Neutral
Concentrating On Concentration
The US stock market's concentration in the 'Magnificent Seven' tech firms is historically high but not unprecedented. Academic research and our analysis indicate that market concentration does not reliably signal higher risk or lower expected returns.
The US stock market's concentration in the 'Magnificent Seven' tech firms is historically high but not unprecedented. Academic research and our analysis indicate that market concentration does not reliably signal higher risk or lower expected returns.