The Magnificent 7 falls short: 5 of the stocks have lagged behind the market this year.
Market Update S&P 500 futures increased by 0.44% this morning, recovering slightly after a 1.07% drop on Friday, which followed a new all-time high on December 11. Year-to-date, the index is still up 16%, outperforming the average U.S. stock market. However, analysts often express concerns about the influence of the “Magnificent Seven” tech stocks. Remarkably, […]
Ken Griffin’s Citadel, Steve Cohen’s Point72 lagged 2023 market
Major hedge fund moguls like Ken Griffin, Steve Cohen and Izzy Englander have failed to keep pace with the S&P 500 and Nasdaq in what has been a tough year for asset managers. Although Griffin's Citadel led the pack in terms of performance, his flagship fund (the name usually given to premier funds) only posted […]