Soggy MAGSThe "Magnificent Seven" are looking a lot less magnificent. The basket has been stuck for months, credit stress has returned as a key driver, and earnings season is exposing just how different these companies have become. The era of treating MAGS as a single trade may be coming to an end.Boring MAGS
The Magnificent Seven Are Breaking Up
MAGS have gone nowhere. Credit stress is back. Apple is leading. Microsoft and Meta are moving in opposite directions. The basket trade is cracking.







