Good Stocks are Never Cheap, and Cheap Stocks are Never Good!
As of September 17, 2023, the Magnificent Seven tech stocks have had an average year-to-date return of 144.3%, compared to the S&P 500’s return of 11.5%. This means that the Magnificent Seven have outperformed the broader market by nearly 30 percentage points. Few reasons why the Magnificent Seven have performed so well in 2023. 1. …
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