Ben Shapiro Breaks Down Surprising Stock Market Trends on The Ben Shapiro Show

Top Points

• Shapiro said the strongest gains in the market are not coming from Big Tech: He explained that while the “Magnificent 7” get most of the attention, the biggest upward movement is currently in the broader market, especially the S&P 500.

• Shapiro highlighted that the Russell 2000 has reached a record high: He noted that the surge in small-cap stocks shows confidence spreading across the entire market rather than remaining concentrated in a few massive tech companies.

• Shapiro argued that a downturn in the major tech firms would not collapse the stock market: He said the recent performance of the S&P 500 and the Russell 2000 proves that the market is strong enough and diverse enough to withstand losses in Big Tech.

Full Report:

On a recent episode of The Ben Shapiro Show, host Ben Shapiro highlighted what he described as a major shift in the dynamics of the U.S. stock market. Contrary to the common assumption that Big Tech continues to dominate market gains, Shapiro said that the strongest performance is actually coming from broader market indices, particularly the S&P 500 and the Russell 2000.

Shapiro Says the Biggest Gains Are Not Coming From Big Tech

Shapiro began the segment by challenging the narrative that the “Magnificent 7” tech stocks remain the sole engines of market growth. He argued that although Big Tech companies still draw intense media attention, the most significant gains in recent weeks have come from the upper end of the broader market, with the S&P 500 showing notable strength.

According to Shapiro, this performance indicates a healthier and more diversified economic environment than many analysts have suggested. He said that investors have been too focused on the fluctuations of major tech companies and have overlooked the resilience and upward momentum in other sectors.

The Russell 2000 Reaches a Record High

One of the highlights of Shapiro’s analysis was the record-setting performance of the Russell 2000, an index that tracks small-cap companies. Shapiro emphasized that this surge is particularly significant because it reflects confidence not just in the largest corporations but in the broader business landscape, including smaller, growth-oriented firms.

He noted that small-cap stocks often serve as a barometer for the underlying strength of the economy. Their record performance suggests that economic optimism is spreading beyond the usual tech-driven narratives and into areas of the market that benefit from rising consumer demand, stabilizing interest rates and improved business sentiment.

Shapiro Says the Market Will Not Collapse If Big Tech Stumbles

Shapiro also pushed back against fears that a downturn in Big Tech would trigger a market-wide collapse. While acknowledging that the “Magnificent 7” companies hold significant market weight, he argued that broader market performance shows investors have diversified confidence.

Shapiro stated that even if major tech stocks take a hit, the rest of the market has shown enough strength to avoid serious fallout. The recent gains in the S&P 500 and the record performance of the Russell 2000, he said, demonstrate that the economy is not as dependent on Big Tech as many commentators claim.

A More Balanced Market Environment

Shapiro concluded his segment by suggesting that this broad-based growth signals a more balanced and sustainable economic environment. He argued that the spread of gains across multiple indices is a healthier scenario than a market propped up by a handful of tech giants. According to him, the dispersion of performance across different sectors is an indicator of underlying economic strength rather than fragility.

References

• The Ben Shapiro Show. Episode discussing recent stock market performance and the relative strength of the S&P 500 and Russell 2000. The Daily Wire.

• Shapiro, Ben. Commentary on Big Tech, market diversification, and trends in major U.S. stock indices. The Ben Shapiro Show, The Daily Wire.