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Chart of the month: Could the ‘Magnificent 7’ become the ‘Fabulous 5’?

L&G

Leading US stocks have seen divergent fortunes of late, as investors assess the capex cost of AI.
The extraordinary performance of the ‘Magnificent 7’* US stocks – which has driven US equity markets higher for much of the last 18 months – may have led some to watch the 1960 film which inspired the name. Anyone who watched to the end will know that (spoiler alert) four of the seven eponymous gunslingers don’t make it. The performance of the ‘Magnificent 7’* stocks this year suggests this group may also be shrinking.

L&G

Thursday 23rd May 2024

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