The Magnificent Seven: A Risky Decline or Upside Potential?
TL;DR Summary
The Magnificent 7 stocks, including Nvidia, Tesla, Meta, Microsoft, Apple, Amazon, and Alphabet, may be facing a significant decline based on technical charts. The initial rise in these stocks was driven by a short-volatility dispersion trade, but the trade is now falling apart. The Bloomberg Magnificent 7 index shows a triple-top pattern, indicating that the recent rally may be over, and significant losses could occur.
Topics:business#decline#magnificent-7#short-volatility-dispersion-trade#stock-market#technical-charts#triple-top-pattern
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