Mueller: The Mag Seven Divide, AI Reality Check, and a Market Searching for New Leaders

A growing split in the S&P 500 shows the Magnificent Seven driving gains while nearly half the index lags. Patrick Mueller breaks down the risks of market concentration, the shift from AI hype to earnings delivery, and why money is rotating into infrastructure, energy, and metals. He also weighs the impact of rising oil prices, Fed credibility concerns, and the defensive appeal of gold and silver.

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