Why the 'Mag 7 is too much of the market, get out' is money-losing, false narrative
Investing is not just a game of giant Jenga. But the pessimistic hedge funds, or the ones who must have shorts on to justify their high fees, as well as their media acolytes who sound so painfully bearish even if they are just trying to sound like informed skeptics, sure make it seem that way when they fixate on the fate of the stock market and the "Magnificent Seven." The presumption of the gang tackle of articles about the Seven is simple: The market is too heavily concentrated in these seven stocks: Alph ...