Key insights
- The analysis suggests a divergence within the 'Magnificent 7' stocks, with Microsoft, Meta, and Tesla experiencing more significant pullbacks than Apple, Nvidia, and Google. This implies potential leadership shifts within large-cap tech, which could impact broader index performance. While the broader market (S&P 500, Nasdaq 100) has also seen declines, the varied performance of Mag7 components indicates sector-specific headwinds or rotation, posing a bearish signal for continued broad market strength if these leaders falter.
Indexes are the clear winner. Among Mag7, msft , meta and tsla seem to have corrected a lot more compared to aapl, NVDA and Googl .
The Stocks:
Microsoft (MSFT): Down -27.7% (ATH: $555 ➔ Now:$401) Meta (META): Down -26.3% (ATH: $796 ➔ Now: $586) Tesla (TSLA): Down -21.4% (ATH: $498 ➔ Now: $391) Nvidia (NVDA): Down -13.9% (ATH: $236 ➔ Now: $203) Amazon (AMZN): Down -12.7% (ATH: $278 ➔ Now: $243) Alphabet (GOOGL): Down -11.2% (ATH: $408 ➔ Now: $363) Apple (AAPL): Down -8.5% (ATH: $317 ➔ Now: $290)
The Broader Market (For Context):
Nasdaq 100 (QQQ): Down -6.7% S&P 500 (SPY): Down -3.9% Total Market (VTI): Down -3.8% Russell 2000 (IWM): Down -3.7%