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12 Aug 2024

This chart suggests that liquidity from the yen carrytrade has flowed into the Mag7

Source: Bloomberg, HolgerZ

31 Jul 2024

BREAKING: The Magnificent 7 stocks have now erased a combined $2.6 TRILLION of market cap over the last 20 days.

That's an average of $125 billion of market cap PER DAY for 20 days sight. Nvidia, $NVDA, alone has erased over $1 trillion in market cap since its high seen one month ago. In other words, the Magnificent7 have lost as much value as Nvidia's ENTIRE current market cap in 20 days. That's also $200 billion more than every stock in Germany's stock market combined. Source: The Kobeissi Letter

29 Jul 2024

The Mag7 peaked on July 10. Since then it has dropped close to 12%, while smallcaps are up more than 10%.

Quite amazing how the market has been behaving despite the pullback of the "generals" Source: Carson, Ryan Detrick

25 Jul 2024

The Magnificent 7 dropped by more than $750 Billion yesterday

Source: Evan, Yahoo Finance

25 Jul 2024

WHAT A DAY...

🌩 Mag 7 stocks all finished in the red today and have erased erased over $500 BILLION of market cap today. ⚡ Nasdaq and S&P 500 had worst their day since 2022 ☄ The S&P 500 just fell over 2% for the first time in 356 trading sessions. It ended the longest stretch without a >2% pullback since 2007 Source: Bloomberg

22 Jul 2024

Highest Wall Street price targets for the Mag 7

source: Evan on X

22 Jul 2024

Long Magnificent 7" has been the most crowded trade among investors for 16 months straight, even after the recent drop.

This is according to 71% of 242 global fund managers polled by Bank of America. This percentage is up from 69% and 52% in June and May Source: BofA, The Kobeissi Letter

19 Jul 2024

There are 2 ways to look at this chart:

1/ Mag7 outperformance is justified by positive earnings revision (vs. negative revision for the rest); 2/ The bar has been raised quite high for the Mag7 (so beware if they disappoint) while the bar is low for the other 493 stocks (there is room for positive surprise) Source: Bloomberg, RBC

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