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This year’s stock market story has been given the name “the magnificent 7” due to the significant growth of seven mega-cap tech stocks since November. The market’s success is mainly attributed to these stocks. Here is their current performance.

Although the group’s performance has been remarkable, it is uncertain if they can continue to excel independently. The market is struggling without the involvement of this group. In contrast to the Nasdaq’s 30% increase in value, the Russell 2000 has only gone up by 5% and the equal weighted S&P 500 by 3.5%.

I am concerned that funds may be engaging in last-minute actions to boost the appearance of their holdings by including the seven specified names. This could mean that these stocks are at risk of being sold after the start of the new financial period. However, it is worth keeping in mind that historically, the first two weeks of July have been the most profitable period on the calendar.

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