Citi Announces the Magnificent Seven No Longer Reflects Market Dynamics
Citi has declared that the 'Magnificent 7' (Mag 7) group of stocks is no longer a relevant construct for assessing large-cap growth dynamics. The bank's new framework outperforms, with the S&P 500 gaining 9% this year compared to just 1% from the Mag 7 ETF.
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Topics: Citi research Magnificent Seven S&P 500 stock market trends