Now that the Magnificent Seven has definitively weakened and violated a key support level, the next question is whether the decline can be halted at the 200 dma. More ominously, the relative performance of these stocks is forming an inverted saucer top after violating a relative support level (bottom panel).
It’s time to consider and stress test what was once thought as unthinkable. Can a sustained breakdown of the Magnificent Seven and AI hyperscalers crash the market and the economy in the manner of the Dot-Com Bubble top?
It’s time to consider and stress test what was once thought as unthinkable. Can a sustained breakdown of the Magnificent Seven and AI hyperscalers crash the market and the economy in the manner of the Dot-Com Bubble top?
The full post can be found here.
No comments:
Post a Comment