Why one CIO says stocks are due for a pullback in 2025

STORY: “When you look at the biggest companies, of course Mag 7 (Magnificent 7 megacap technology stocks) now recently 39% of the total S&P 500, every time we’ve seen those kind of P/Es (price–earnings ratios) spike and their share of the market spike like we have, it has kind of preceded some softness in those names,” says Laut who also points to recent patterns for bull and bear markets for his expectation that stocks will decline to start 2025.