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Ben Carlson, director of institutional asset management, CFA, author, investor at Ritholtz Wealth Management, discusses several market themes including questions about the impact of AI on the labor market, the Mag 7's recent underperformance, and the launch of the first $1 trillion ETF.
Carlson also touches on how price drives narratives, the irrelevance of a potential SpaceX IPO for markets, and the arrival of another crypto winter.
Carlson has recently highlighted shifts within major equity benchmarks. In 2024, he observed the S&P 493 outpacing both the S&P 500 and the Mag 7. He also reported that South Korea surpassed the S&P 500 in performance over the past decade. These observations come as investors assess new themes driving market narratives.