Penn Mutual Asset Management portfolio manager George Cipolloni joins Josh Lipton and Josh Schafer on Market Domination Overtime to discuss how investors can navigate volatility as the market broadens beyond the "Magnificent Seven" amid expected rate cuts.

“If you look at how concentrated the markets were over the last few years, that's created a lot of value for us across the market, and now it's starting to broaden, and we're seeing that we're seeing value come back relative to growth,” Cipolloni tells Yahoo Finance.

The portfolio manager highlights the utilities sector as benefiting amid this broadening out from beyond the large caps. “Some of these are even tied to the AI play” as “utilities are benefiting because look, there's going to be a surge in energy demand.”

“Index funds really have protected investors a lot even in those times of ultra concentration” where “the S&P kept going up driven by just a few stocks,” Cipolloni says, adding that “You don't want to just be caught in the whims of the market on one stock and we kind of been that way with Nvidia's earnings.”

He notes that the Magnificent Seven's growth isn't “stalling out, but it's not as fast as the pace that it was before, and we're seeing other sectors pick up."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Naomi Buchanan.