The first half of 2026 has brought a noticeable shift in market leadership.
While the S&P 500 has posted strong gains, performance has broadened beyond the "Magnificent Seven," with small-cap stocks, international equities, and emerging markets leading the way.
In this Market Update, we explore what this shift means for investors, why diversification continues to matter, and the key themes to watch in the second half of the year.
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