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Will the Magnificent Seven Repeat?

Will the Magnificent Seven Repeat?

The unprecedented bull run of the largest companies in the S&P 500—commonly referred to as “The Magnificent Seven”—has led many investors to question whether we are on the brink of an adjustment. These juggernauts, consisting of Amazon, Microsoft, Nvidia, Apple, Google, Tesla, and Meta, significantly influenced market dynamics in 2023, powered largely by the explosion of artificial intelligence (AI) technologies.

The Magnificent Seven stocks account for nearly 1/3 of the market cap …

Examining Global Economic Growth

Riggs Asset Management - Economical Growth

“The US economy is strong,” says Bob Graham, President of Riggs Asset Management. “By any measure that we look at today, US and economic growth is as strong as it’s been in decades.”

The unemployment rate for people with a high school education or less is the lowest it has been in over 20 years, and there is an increased demand for laborers like truck drivers and warehouse workers, which is indicative of a strong economy. 

Check out this video …