Wall Street veteran strategist Yardeni recommends underweighting the US stock market's Big Tech Seven

Jinse Finance reported that Wall Street long-term bull and investment advisory firm Yardeni Research recommends that, compared to other S&P 500 index constituents, investors should now effectively underweight the "Magnificent Seven" tech giants, predicting that their future earnings growth trends will change. Wall Street veteran research expert Ed Yardeni pointed out, "We are seeing more competitors entering the lucrative fields of the 'Magnificent Seven'," and expects that technology will boost productivity and profit margins for other S&P 500 constituent companies. He also added that, in fact, "every company is transforming into a technology company." In a research report released on Sunday, this strategist noted that the practice of overweighting the information technology and communication services sectors in S&P 500 portfolios since 2010 is no longer reasonable. The firm recommends adjusting these two sectors to market-equivalent weights, while overweighting the financial and industrial sectors, and also overweighting the healthcare sector.