Stock Investing Social Media and Updates

Mag 7 Range Holds; Break Below Could Trigger 10% Drop

Whether this benign broadening will continue depends largely on whether the Mag 7 can hold on to its trading range. So far it has, but should support be taken out at the range lows I could easily see another 10% decline for this cohort. It would take a lot of bullish price action in the broader market to keep the S&P 500 cap-weighted index from falling if the M7 declines a lot further.