The “Magnificent 7” have carried the market this year and will continue to shine even if the economy goes into recession, notes Jeffrey Small. He discusses factors driving the economy, as well as expectations for the “Magnificent 7.” He then goes over his stock strategy which is buying the dips in Meta (META), Alphabet (GOOGL), and Amazon (AMZN). He talks about how stocks are pulling back in preparation for worsening economic data and potential increase in interest rates. He suggests that a recession could start in January. He highlights that food inflation like a tapeworm in the pocketbook of all Americans. Tune in to find out more about the stock market today.
The Watch List
11 Sep 2023
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