Magnificent 7 trail S&P 500 for first time since 2021, Phil Rosen notes

Magnificent 7 trail S&P 500 for first time since 2021, Phil Rosen notes
Magnificent 7 may trail S&P 500

Phil Rosen reports that the Magnificent 7 stocks are currently lagging behind the S&P 500 this year. This development could mark the first year since 2021 in which the group underperforms the benchmark index.

Phil Rosen previously reported that the S&P 500 climbed 13% this year while the 10-year Treasury yield reached a 19-year high. In a separate article, he noted that the Russell 2000 gained 28% over five years, with most of those gains coming in the past year. These moves come as the broader market dynamics continue to shift relative to major indexes.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.