Name: ‘Magnificent 7’ tech stocks are dangerously dominant — and recession’s still a real risk, top economist warns
Uploaded: 2024-02-23T23:00:54-05:00
Duration: 5 min
Description: Stock traderReuters The “Magnificent Seven” dominate the stock market to a worrying extent, one expert says. Deutsche Bank’s economics chief, Jim Read, said investors should be wary of an economic slump. The US is now in the “snipers’ alley” of recessions now based on when previous downturns hit, he said. The “Magnificent Seven” are dominating the stock […]

Tag: recessions

‘Magnificent 7’ tech stocks are dangerously dominant — and recession’s still a real risk, top economist warns

Stock traderReuters The “Magnificent Seven” dominate the stock market to a worrying extent, one expert says. Deutsche Bank’s economics chief, Jim Read, said investors should be wary of an economic slump. The US is now in the “snipers’ alley” of recessions now based on when previous downturns hit, he said. The “Magnificent Seven” are dominating the stock […]