S&P 493 likely to see 'outsized returns' in 2026, outside Mag 7
Affected assets and topics
Why it matters
The S&P 493, excluding the Magnificent Seven tech stocks, is expected to see 'outsized returns' in 2026 according to Joseph Shaposhnik, founder of Rainwater Equity. This outlook suggests a shift in market performance away from tech-driven growth. Shaposhnik's comments provide insight into the potential for non-tech sectors to drive market returns in the coming year.
Article tone
Expected market reaction
Market impact analysis based on bullish sentiment with 80% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 26183
Original source
While the S&P 500 (^GSPC) was largely driven by the Magnificent Seven tech stocks in 2025, how did the rest of the S&P 493 perform and what should Wall Street expect in 2026? Rainwater Equity founder and portfolio manager Joseph Shaposhnik comes on Market Domination to discuss his outlook on the so-called Magnificent 493 and how AI has impacted their growth. The US stock market will close early at 1:00 P.M. today (Christmas Eve) and will be closed all day Thursday for the Christmas holiday. To watch more expert insights and analysis on the latest market action, check out more Market Domination.
Read the full article on Yahoo Finance
Original article published by Yahoo Finance on December 24, 2025. Analysis and insights provided by AnalystMarkets AI.