Post by @chertridge@beige.party
This analyst's report from Apollo about AI uses the term "S&P 493" to refer to the "S&P 500 minus the Mag 7" - because if you take out the AI companies, the S&P 500 is tanking. https://www.apollo.com/wealth/insights-news/insights/daily-spark/no-signs-of-ai-payoff-outside-the-tech-sector
@pluralistic You can also look for mutual funds or exchange traded funds (ETFs) called something like ExMag-7. Equal weighted funds are an easy way to dilute the effects of the Mag-7 (Enshitified7?) without avoiding them completely.
@pluralistic You can also look for Equal Weighted funds and ETFs that dilute the influence of the #Enshittified7 by investing equal dollar amounts in each of the S&P500 Index stocks.
@chertridge @pluralistic indeed. https://www.defianceetfs.com/xmag/ 1 month and 3 month performance is negative but 6 months performance is very positive. We shall see where it goes.