The Magnificent Seven are seven tech stocks that collectively make up 35% of the S&P 500, which means everyone’s 401k is highly exposed to them and the entire stock market is tied to their success or failure. When the crash happens, the devaluation of these stocks will crash like a tsunami through the rest of the economy. Retirements are fucked, other companies are fucked. AI has eaten so much of the liquid money supply that there won’t be much left sloshing around to provide bridge loans or invest in new companies.
The Magnificent Seven are seven tech stocks that collectively make up 35% of the S&P 500, which means everyone’s 401k is highly exposed to them and the entire stock market is tied to their success or failure. When the crash happens, the devaluation of these stocks will crash like a tsunami through the rest of the economy. Retirements are fucked, other companies are fucked. AI has eaten so much of the liquid money supply that there won’t be much left sloshing around to provide bridge loans or invest in new companies.