A Little Anarchy in the Stock Market?
So these 'Magnificent Seven' stocks the big shots everyone was betting on? Turns out they're not so magnificent anymore! The Roundhill Magnificent 7 ETF or MAGS as they like to call it is down 17% this year. That’s more than double the S&P 500's measly 7% drop. You know sometimes you just gotta laugh! It's like they say "Introduce a little anarchy. Upset the established order and everything becomes chaos. I'm an agent of chaos."
Weighting Games: From Hero to Zero?
Apparently these MAGS were weighing down the S&P 500 making up 34% of it back in January. Now they’re just a measly 29%. A whole 5% gone! It's all about market cap you see. The bigger you are the more you matter. But what happens when you shrink? Well then you're just a clown in a city full of them! And who wants to be that? Me of course!
Tech's Last Gasp? Or Just a Smirk?
Don't get me wrong there's still some life left in these tech dinosaurs. Netflix had a good run and even Tesla despite missing the mark is bouncing back. And Amazon and Nvidia? They're still going on about AI. But it's not enough is it? The market still can't break past 5,500. A bit like Dent’s pencil trick. Ta dah it’s…gone!
Is This Bad? Or Just Badass?
See the strategists are worried that the consumer side of things the stuff people actually buy is facing an economic slowdown. That's right people are too busy laughing at my jokes to buy cars or refrigerators. I mean…what's the point? It seems like they are already broke from those stocks!
Tariff Tantrums and Repricing Madness!
Oh and tariffs! Those pesky tariffs are messing everything up. UBS says sales and earnings expectations are dropping faster than a comedian's career after a bad joke especially for those consumer discretionary sectors. It’s like a game of chicken and everyone's swerving...except me! “Madness is like gravity all it needs is a little push”
Join the Party! (If You Dare)
CNBC is throwing some kind of shindig at the New York Stock Exchange. They want you to "gain an edge" with their experts. But I'm not sure it's worth getting out of bed for. I'd much rather paint my face and stir up some chaos in Gotham. Now that's entertainment! Maybe just maybe I’ll be there with my laughing gas…who knows?
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thesuperdugong
Is anyone actually surprised by this? Tech was overvalued.
readlindalinda
Thanks for the heads up. I'm selling everything!
tbirdie
I’m sticking with value stocks. Tech is too volatile.
mancunian
Joker is funnier than all those experts combined
hairbandchick72
What a joke! The whole market is rigged.
warnars
Time to buy the dip, right?
kellyvbrown
This is exactly why I shorted MAGS last week!