Mag-7 trails S&P493 while valuations stay high, Callum Thomas notes

Mag-7 trails S&P493 while valuations stay high, Callum Thomas notes
Mag-7 underperforms as investor cash stays low

Callum Thomas highlights several key findings from recent market charts. He observes that Mag-7 stocks have been underperforming compared to the S&P493. Thomas also points out that current high stock valuations are linked to elevated profitability, which he notes tends to be cyclical. Another concern raised is that investor cash allocations are at very low levels, which he considers a warning sign for stocks. Additional commentary on margin is referenced.

Thomas has previously drawn attention to the role of speculation and AI earnings in S&P 500 trends. He has also noted that investors often overlook the KOSPI index when analyzing global markets. The recent chart analysis adds to his ongoing focus on valuation risks and market drivers.

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