Apr 1, 03:50 PM

Hedge Fund Outperforms S&P 500 Driven by 'Magnificent Seven' Stocks, Goldman Sachs Reports Overvaluation

The S&P 500 index has seen a surge in record highs, with the 'Magnificent Seven' stocks driving the market. Goldman Sachs reports that the average S&P 500 stock is now as overvalued as the top-performing stocks. These seven stocks have accounted for over 30% of the index, the highest concentration in history. Despite this, some hedge funds are outperforming the S&P 500 without relying on these top stocks.

#Magnificent Seven #Goldman Sachs

Written with ChatGPT (GPT-3).

Sources

unusual_whales@unusual_whales
2 years ago
The Magnificent 7 are no longer the only stocks driving S&P 500 to record highs, per MW. The number of S&500 stocks trading at 52-week highs peaked at 118 in the first quarter, the highest in three years, per MW.
The Kobeissi Letter@KobeissiLetter
2 years ago
This could be the strongest stock market in history: The S&P 500 has not had a weekly drop of 2% or more since the week of October 23rd, 2023. There have only been a total of TWO weekly drops in the entire 2024 so far. Since October 2023, the S&P 500 has added almost $11… https://t.co/Gu5NMXNRjm
unusual_whales@unusual_whales
2 years ago
The average S&P 500 stock has joined the Magnificent Seven in overvalued territory, according to Goldman Sachs, $GS.

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Hedge Fund Outperforms S&P 500 Driven by 'Magnificent Seven' Stocks, Goldman Sachs Reports Overvaluation

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