Market overview 2024-02-02

More and more news about a possible bubble in the "magnificent seven" comes to the market, in particular, about the fact that the S&P500 index is not only formed by one third from these stocks but also 28 percent of the profit in this index is formed by these securities. It would seem that the data were quite capable to cool down the ardor of buyers, however, it did not happen on Friday, on the contrary, by efforts of META the index soared to a new historical maximum. The smaller companies' shares were also quite positive but showed more modest upward dynamics. Corporate reports will continue to come out this week, maybe they can cool down the situation a bit.