FundCalibre's Juliet Schooling Latter: US mega caps are at a crossroads

'Asset allocators need to adjust their exposure'

Donald Trump’s victory has galvanised the US stock market at a time when many investors were worrying that its best days might be over.

That said, there is a question over whether its optimism will survive the realities of a Trump presidency, with tariffs, tax cuts and immigration curbs driving inflation higher and creating complexity for the corporate sector. In particular, could it finally signal a flip in market leadership from the technology giants to the rest of the market? The question of whether to direct more capital to the technology giants is a thorny one. After a wobble in September, the CNBC Magnificent Seven index has been off to the races again, up almost 7% in the last month alone. Investors ap...