sell to fund non-US undervalued winners.
The MAG-7 should be used as a source of funds to capitalize undervalued winners in non-US stock markets.
The MAG-7 are overowned and overpriced relative to non-US markets. Expect the 63% US stock allocation to decline materially over the coming decade, so rotate into cheaper foreign equities.
"The Macro Minute: Will the disintegrating global economy continue to support global stock markets?"