Latest / Power Players with Brian Sozzi
Where are the permabulls? Decoding the rally
While the rich and powerful on Wall Street have non-stop conversations over when, or even if, the Federal Reserve will slash interest rates to supercharge the stock market, investors in one of the hottest areas of the market are selling first and asking questions later. That hot sector is none other than the Magnificent 7 – aka the Mag 7 – comprised of top tech companies Microsoft, Amazon, Meta, Apple, Alphabet, Nvidia and Tesla. These investor favorites have come under pressure as market players dial back hopes for rate cuts in 2024. So what’s your best trade right now on these often…
The skinny
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