The MAG7 companies have achieved a significant total return of 38% per year since 2020, with 34% of this annualized return coming from earnings growth. In comparison, the S&P 500's earnings have grown at an annualized rate of approximately 4%. Despite this impressive performance, there are indications that the earnings growth of the MAG7 may slow down, while the rest of the S&P 500 companies, referred to as the 'inglorious 493,' are expected to see their earnings grow. This trend has led some market analysts to suggest that a long RSP (equal-weight S&P 500 ETF) and short SPY (S&P 500 ETF) pair trade could be beneficial. Additionally, the weighting of the MAG7 in the S&P 500 has continued to decline, even though the overall stock price index of the MAG7 is currently about 7.1% above its recent low. Comparisons with the Russell 2000 and analysis from Goldman Sachs and Paulsen provide further insights.