Magnificent Divergence
Hey, it’s Ross Givens here with the Chart of the Day. In the world of high-profile stocks, the Magnificent Seven, including Tesla, Apple, and Alphabet, are displaying significant divergence. While some, like Tesla, Apple, and Alphabet, trend downward, others move differently. This divergence, distinct from the broader market’s participation concerns, is seen as a positive adjustment, indicating a correction in high-flying stocks. In today’s Insight of the Day, I delve into the implications and why this shift is a welcome development in maintaining market health.
March 12, 2024
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