Tech's Super Seven Now Dominate Global Markets, Raising Risk of Reversal
• The "Super Seven" (Meta, Amazon, Apple, Microsoft, Tesla, Alphabet, Nvidia) now dominate stock markets, accounting for 17% of the global index
• Apple alone is now worth more than the entire UK stock market showing huge tech concentration
• The Super Seven gained 74% in 2023, vastly outperforming other global stocks
• US stocks now account for 63% of the global index, far exceeding Japan's peak of 44% in the 1980s
• Such concentration suggests markets are primed for a reversal as has happened historically after periods of hyper-concentration