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Mag 7 Divide, AI Reality Check & Market Searching for New Leaders

By Schwab Network May 03, 2026 Neutral
Mag 7 Divide, AI Reality Check & Market Searching for New Leaders
A growing split in the S&P 500 (SPX) shows the Mag 7 driving gains while nearly half the index lags. Patrick Mueller breaks down the risks of market concentration, the shift from AI hype to earnings delivery, and why money is rotating into infrastructure, energy, and metals.
A growing split in the S&P 500 (SPX) shows the Mag 7 driving gains while nearly half the index lags. Patrick Mueller breaks down the risks of market concentration, the shift from AI hype to earnings delivery, and why money is rotating into infrastructure, energy, and metals.