1. Mag 7 Lagging Everything 2025
So far in 2025 the Magnificent 7 have been lagging behind. They’re actually last behind all the others.
Edward Jones via Spilled Coffee
2. Another Stat on Concentration of Market…The Number of Growth Stocks Shrinking
Rare Growth: Another interesting angle on US markets is how undiversified things are becoming, especially on the growth side — the chart below shows the Russell 1000 growth index down to a record low 394 names mid last year, while the Value index at a record high 871 (much more diversified). And as for concentration within that, “the top 10 weights of the Russell 1000 Growth Index comprise 61.0% of the index, compared to the Russell 1000 Value Index at 17.2%.” Stark stuff.
Glenmede
3. Small Cap Close to Record Amount of Days Below Highs
Equities: Here is the number of days the Russell 2000 has remained below its previous high.
Daily Shot
4. Airbus vs. Boeing
Abnormal Returns
5. Amazon Passes Walmart in Revenues
Sherwood
6. 2025 Daily Market Data
Ryan Detrick
7. Commodities Leader Glencore Chart New Lows
StockCharts
8. Tech Stock AKAM Back to 2023 Levels
StockCharts
9. Russia/China Trade
Russia’s leader briefed his Chinese counterpart on recent talks with the US, underlining their close ties even as Washington purportedly seeks to draw Moscow away from Beijing. The telephone conversation Monday afternoon came as The Wall Street Journal noted that the two countries’ militaries are “working together as never before,” accelerating the pace of joint military exercises in the Pacific, from near Alaska to the Philippines. The US strategy of prying the pair apart will be challenging, the Journal’s chief foreign-affairs correspondent noted, pointing to China and Russia’s deepening relationship that ranges from military and intelligence cooperation to economic support, and the potential cost for Washington of alienating its allies in Europe.
Semafor
10. We Have Power
Via The Daily Stoic: Epictetus’s most powerful line teaches us that it’s not events that upset us, but what we think about those events that causes our distress.
His insight reveals that our perception of an obstacle, disadvantage, or trial—our subjective understanding—holds more power than the objective reality itself.
Consider this: if you convince yourself that inadequate teachers are the reason you’re not as smart as others, you’ll struggle with learning throughout your life. While your teachers may indeed have been subpar, the limiting story you’ve chosen to believe is the real obstacle. Someone who reframes the same experience differently—“I rose above my underperforming schools through my hunger for learning” or “My street smarts compensate for gaps in my formal education”—will achieve far more in life.
As Epictetus said:
“Sickness is an impediment to the body but not to the will unless the will wants to be impeded. Lameness is an impediment to the leg, but not to will. If you tell yourself this every time, you will find the impediment is to something else but not to yourself.”
Remember, he spoke these words as someone with a crippled leg (sustained during his time as a slave, no less). He refused to let his physical impairment define his identity. Rather than embracing a narrow, self-pitying narrative about being broken or deprived, his teachings consistently reflect a more empowering story: he had discovered his true strength, and no one could diminish his spirit, no matter what they did.
This is the narrative we should embrace. Yes, we have problems, but we are not the problem. We have flaws but we are not flawed. We may act foolishly at times, but that doesn’t make us fools. We determine what things mean. We choose what truly counts as an obstacle.
We have the power.