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The irony of this is unavoidable. The experts have reached the conclusion the rest of the mortals have been warning on for months.
Euro-area households hold approximately €440 billion in exposure to the Magnificent Seven — Alphabet, Amazon, Apple, Meta, Microsoft, Amazon, Nvidia, and Tesla
That article is using a bit of AI math there. Or are they overweighting Amazon on purpose?
Euro area households, which are increasingly channelling funds into low-cost ETFs, have around €440 billion of exposures to US technology equities without necessarily being aware of the associated concentration risk
I think they're well aware of the risk and that's something they're willing to gamble with
There is plenty of opportunity for them to invest in safer less risky investments
There is also plenty of people who are investing and will continue to invest through any 2008 financial crisis or dot com bubble and will simply pick up cheap stocks
The reality is that if Europe wants less Europeans exposed to the Mag 7 it needs to make its own stock markets more attractive, which as per usual it is taking its sweet time with
Still work do to on capital markets union, German minister says
https://finance.yahoo.com/economy/policy/articles/still-capital-markets-union-german-151037510.html
I'm also not sure why people are so hyped up on a potential correction, there's been like 3 in my life time (asian financial crisis, dot com bubble and 2008 financial crisis), it's not like we won't come out the other side and keep building
So much money that could instead be invested in Europe instead