CNBC says the 'Magnificent Seven' stocks are no longer moving together

CNBC reports that the rolling 60-day correlation of daily returns among the Magnificent Seven stocks has broken down, so the group no longer trades as one. The piece argues investors should now pick winners and losers within it.

Timeline

1. 28 Oct, 13:09 UTCCNBC analyzes Magnificent Seven correlation

Top sources

• The 'Magnificent Seven' is no more. Time to pick winners and losers as group's correlation breaks downCNBC