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MacroVoices #418 Jeff Snider: From Waller Speak to Risk, After Risk, After Risk
Macro Voices
Market Breadth Analysis and Mag 7 Stocks
The S&P chart shows an upwards channel as the primary trend for the year, led by a few stocks, with market breadth decreasing significantly. The 'mag 7' stocks - Apple, Google, Tesla, Microsoft, Amazon, Meta, and Nvidia - are crucial, but technical breakdowns in Apple, Google, Tesla, and Microsoft have occurred. Amazon, Meta, and Nvidia are currently key players, but with Amazon unable to contribute much. Nvidia is gaining momentum, possibly indicating a shift towards 'mag 2', focusing on meta and Nvidia for future trends.
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