Investing: The Magnificent Seven is the market Dave Coker · Follow Published in DataDrivenInvestor · 5 min read · 1 day ago 1 day ago -- 1 ShareAnd that’s not goodThe phrase Magnificent Seven refers to a collection of stocks from a variety of industries, which collectively have driven the performance of The S&P 500 in 2023. We have discussed the Magnificent Seven previously, looking at returns across sectors, and concluding these stocks were distorting stock market returnsSo has this situation corrected? What has The Magnificent Seven contributed Stock Market performance so far in 2023? Let’s first review the performance of all seven stocks, looking both at near term price action, and current prices compared to record highs. We’ll baseline each analysis from January 1st, 2021 to insure we can capture the same time period of all seven stocks since their record highs.

Source: Forbes November 20, 2023 00:39 UTC