The Magnificent Seven Stocks

The S&P is still 7% above the 50-day moving average. We'll test that 4,200 level on the S&P. If we bounce up, I think we have more room to run. As for whether it's a bubble or not, that's beauty is in the eye of the beholder. The smallest amount coming out of those large cap names going into an unloved sector just can easily swamp the supply of shares in those sectors.