‘Anything Can Happen’: Magnificent 7 Plunges
Big-cap US tech came into this week squarely on the back foot having traded meaningfully lower during a positioning shakeout that found small-caps outperforming by the largest margin in decades.
The question was whether the burgeoning tech selloff could continue, or whether the Nasdaq 100's second-worst week of the year was merely an opportunity to get a slight discount on the market leadership ahead of mega-cap earnings.
With five of the vaunted "Magnificent 7" yet to report, and Nvidia's ear