18 years ago, the domination started...

Dominatrix

Yesterday, 18 years ago, Steve Jobs introduced the iPhone to the World. This event, that in some way marked the (very early) start of Big Tech, inspired us to revisit just how dominant Big Tech and Magnificent 7 truly are. The (only?) asset allocation decision that matters going forward is if this trend will continue or not. Let's kick off with the following three factoids:

1. The Magnificent Seven added $6bn of market cap in 2024