The "Magnificent" 7 does not look so Magnificent.
The magnificent 7 uphold a lot of weight in the QQQ, S&P Index and a responsible for a large percentage of their gains.
In fact they hold so much weight of the QQQ that if you held the Q's rather then the MAG 7 you would have earnt 1/3.
By holding the SPX you would of earnt 1/5 of the amount.
Since mid 2012.
So a underperformance of these stocks would largely drag down both index's
Other divergence to be displayed in the index.
In fact they hold so much weight of the QQQ that if you held the Q's rather then the MAG 7 you would have earnt 1/3.
By holding the SPX you would of earnt 1/5 of the amount.
Since mid 2012.
So a underperformance of these stocks would largely drag down both index's
Other divergence to be displayed in the index.