BREAKING: The Magnificent 7 stocks have now erased a combined $2.6 TRILLION of market cap over the last 20 days.
— The Kobeissi Letter (@KobeissiLetter) July 30, 2024
That's an average of $125 billion of market cap PER DAY for 20 days sight.
Nvidia, $NVDA, alone has erased over $1 trillion in market cap since its high seen one… pic.twitter.com/7fJPpnfr8I
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If it was not real on the upside, why worry when it evaporates?