The Magnificent 7 Is Still This Market’s Powerhouse

It wasn’t enough for the Federal Reserve to start its easing cycle with a bang by slashing the federal-funds rate by half a point at its meeting on Sept. 18, or for the European Central Bank to lower rates too as inflation slows across the continent. Now China has finally unleashed its full arsenal of stimulus tools to get its beleaguered economy going again, something no one, except maybe Appaloosa Management’s David Tepper, had the foresight to see. The outperformed the which bested the while the second- and third-best-performing sectors were technology and consumer discretionary, homes to Apple Microsoft Nvidia Amazon.com and Tesla It should be obvious by now that Big Tech had a pretty fine week, with the ETF gaining nearly 1.7% this past week and about 12% over the past three.