‘Magnificent 7’ Performance Has Never Been This Uneven

Market commentary often treats the so-called "Magnificent 7" as a monolith. This year, it's anything but. A few days ago, Cameron Crise pointed out that so far, 2024's more about the "Fantastic Four" than the "Magnificent 7." Amazon, Meta, Microsoft and, obviously, Nvidia, have done well. Quite well in the case of the latter. On the other hand, Alphabet, Apple and particularly Tesla are an albatross. "It's [a] reminder of the execution risk that emerges when valuations get extreme," Crise rema

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2 thoughts on “‘Magnificent 7’ Performance Has Never Been This Uneven”

Thank you for the Tesla joke.

The key thing, to me, is that the market is broadening. We can buy good companies with positively inflecting fundamentals, promising charts, and reasonable or even low-ish valuations, without having to excessive exposure to Mega-Tech.