The performance of the MAG 7, a group of major technology stocks represented by the $MAGS ETF, is currently under scrutiny as it struggles to maintain momentum. Recent observations indicate that earnings revisions for the MAG 7 are stabilizing, with potential bottoming around 0%, according to Mike Wilson from Morgan Stanley. The $MAGS ETF has experienced a decline of 12.3% year-to-date, contrasting with the equal-weight S&P 500 ETF ($RSP), which is up 0.1%. On March 27, the $MAGS ETF saw a 1% increase for the day, suggesting some strength in the MAG 7 despite the overall challenges. Analysts speculate that the recent selloff may have been influenced by quarter-end fund selling, possibly to raise cash for the upcoming Coreweave IPO scheduled for Friday. In the broader market context, the $RSP is up 0.35%, while the $SPY has pulled back by 0.38%. The MAG 7's performance remains a focal point for market watchers as it continues to impact market trends.