Mens USAs handelspartnere har reagert med sjokk og uro på Trumps adferd, håndterte finansmarkedene Trumps mange «initiativer» med stoisk ro i januar. Det som skapte størst bølger i markedene var den overraskende nyheten om at Kina hadde fostret en konkurrent til USAs dominerende AI-industri, DeepSeek. - Skrevet av makroanalytiker Svein Erik Førre

As passive investment continues to rise, market concentration and high valuations are expected to increase, leading to potential risks when trends reverse.

Equity markets globally reacted abruptly on Monday, 27 January, due to the introduction of the DeepSeek language model.

This paper discusses how passive investment strategies have driven the market narrowness and increased equity markets’ price inelasticity.

Magnificent Seven stocks dominated the stock markets in 2024, reaching a market value equivalent to 16% of the global economy.