The ‘Magnificent Seven’ is no more. Time to pick winners and losers as group’s correlation breaks down
Summary
Recent market analysis shows that the historical connection among the group of major technology stocks is breaking down. Investors can no longer treat these prominent companies as a single block. Market participants must now carefully evaluate individual performers rather than relying on broad sector momentum.
CNBC calculated the rolling 60-day correlation of daily returns for each of the 21 unique pairs among the Magnificent Seven.
Source: Read the full story at US Top News and Analysis
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