Markets
Magnificent 7 Drive 54 % of CAP gains on the market in S&P 500 since its lowest level in April: “The market cannot survive without large technology” – Apple (Nasdaq: Aapl), Amazon.com (Nasdaq: Amzn)
With the market recovery from its lowest level in April, heavy weights returned to work after a short rest period, as the wonderful 7 stocks lead approximately 55 % of the restoration of the market value of the S&P 500.
What happened: “ACMIFICENT 7 alone has reached approximately 55 % of the total gains of the market since April 7,” he explained. Utavio Costa, Macro strategy at Crescat Capital, in X.