Money
Mag 7 Tech Giants Now Down Year to Date Despite Market Strength
Forward Guidance
Policy Intervention Is Keeping The Bull Market Alive | Weekly Roundup
"The Mag 7 ETF is down year to date versus like NASDAQ Q's X Mag 7 is up 12% year to date. Like despite everything that they're doing, like the Mag 7s are actually red year to date."
Hosts reveal that contrary to popular perception, the Mag 7 tech companies are underperforming the broader NASDAQ and are now negative for the year. They attribute this to massive equity issuance for AI buildouts, with Google issuing $80 billion and Oracle $40 billion, creating the first net positive equity supply in over a decade after years of buybacks.
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Forward Guidance