The “Magnificent Seven,” the group of mega-cap stocks comprising Nvidia, Microsoft, Amazon, Alphabet, Meta, Apple and Tesla, have driven US equity indexes to unprecedented heights in recent years. In 2023, the year the group earned its epithet, the Magnificent Seven powered their way to a 75.7% return, while the S&P 500 increased by a mere 24.2%. However, 2024 has (so far at least) removed some of the luster of these previously unassailable giants. With year-to-date returns only slightly exceeding the broader index, what has unsaddled the Magnificent Seven? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
