Recent price action in global equity markets has prompted wealth management fund rebalancing toward defensive sectors like healthcare and utilities. With the 10-year Treasury yield hovering near 4.2%, income-focused strategies are gaining traction. Still Lynch said he thinks the so-called Magnificent Seven are good companies in the main. “Facebook, or Meta META, is an incredible company, Microsoft’s MSFT a great company, Google’s GOOGL GOOG a great company, Amazon’s a staggering company. I’m a little vague on Tesla TSLA, but BYD’s CN:002594 making a car in Hungary that’s a third of the price [and] a good car,” he said, adding: “I can’t get this humanoid thing.” The Fidelity Money Market Fund invests in short-term securities to produce a high level of current income while maintaining stability and a high level of liquidity. The securities purchased may be issued by domestic or foreign issuers. The fund also invests in repurchase agreements and the commercial paper of financial institutions. High dividend yield strategies are back in focus for wealth management funds, as the latest Fed minutes suggest rate cuts may not materialize until late Q