Roundhill Daily Inverse Magnificent Seven ETF

The S&P 500 has outperformed its equal-weight counterpart by over 5 percentage points in 2023, a rare occurrence that has historically signaled strong gains in the following year. However, the market's concentration in a few megacap stocks and elevated valuations also pose risks.

Related tickers: MAGQ, IMKTF.

The once-dominant 'Magnificent 7' tech giants are losing their grip, leading to a broader market rotation. Other stocks have stepped in to fill the void, preventing a more severe downturn. Investors need to update their strategies and consider a wider range of stocks, including yield stocks, cyclicals, and small caps.

Related tickers: NVDA, IMKTF, MAGQ.