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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.
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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.