Michael Field

Michael Field, Chief European Market Strategist at Morningstar Holland, discusses the implications of the Magnificent Seven's dominance in the market. He highlights how reliance on these mega-cap stocks has raised portfolio risks and led to decreased diversification. Field shares insights on the hidden costs of market concentration and where other investment opportunities lie, including attractive U.S. small caps and resilient healthcare stocks. He also explores emerging markets and the need for strategizing to balance portfolios effectively.