Investors are flocking to the US stock market as shares continue to surge, fuelled by interest rate cut hopes.

Some of the Magnificent Seven stocks continue to lead the way, with AI-expert chip designer NVIDIA recording a scorching 85 per cent year-to-date return and Meta up 51 per cent.

This has led UK investors to once again largely shun their home market and chase US stocks instead.

But if the Federal Reserve doesn't cut rates, will investors be disappointed? 

And with a recent pick-up in UK share prices pushing the FTSE 100 close to its record high, is Britain's stock market finally starting to be a bit more loved? 

On this episode of the Investing Show, This is Money's Simon Lambert is joined by Interactive Investor's Richard Hunter for a look at how markets have performed this year and what could happen next.

They talk through the performance of the major stock markets in the US and UK, whether the Magnificent Seven risks becoming a Famous Five, as Tesla and Apple slip up, and if the catalyst that UK shares need for a revival has finally arrived in the form of takeover bids igniting investor interest.