Market Rally Broadens Beyond "Magnificent 7"
For the last year+, skeptics have pointed to the narrow rally with the Magnificent 7( $Apple(AAPL)$ $Alphabet(GOOG)$ $Alphabet(GOOGL)$ $Amazon.com(AMZN)$ $Microsoft(MSFT)$ $Meta Platforms, Inc.(META)$ $Tesla Motors(TSLA)$ $NVIDIA Corp(NVDA)$ ) carrying the indices.
It is no longer just the Mag 7 carrying the market. The Equal Weighted $S&P 500(.SPX)$ and the majority of SPX sectors are breaking out to new highs.
$Industrial Select Sector SPDR Fund(XLI)$ $Utilities Select Sector SPDR Fund(XLU)$ $Financial Select Sector SPDR Fund(XLF)$ $Health Care Select Sector SPDR Fund(XLV)$ $Consumer Staples Select Sector SPDR Fund(XLP)$
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https://x.com/Marlin_Capital/status/1828061392139649202
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- KSR·08-27👍LikeReport