Magnificent Seven

As we approach the end of 2023, the stock market stands resilient, defying significant challenges that could have derailed its performance. Despite facing multiyear-high interest rates and geopolitical tensions in Ukraine and the Middle East, the market is poised to close the year with a commendable gain of 25% or more. What’s particularly intriguing about this remarkable performance is the dominance of a select group of tech stocks, often referred to as the Magnificent Seven. The Magnificent Seven: Powering the Market Surge Comprising industry giants such as Apple, Alphabet (Google),…