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XMAG Crushes MAGS as Tesla Slump Triggers Broad Market Rotation

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • The ex-Magnificent Seven ETF (XMAG) is outperforming the equal-weighted Mag 7 ETF (MAGS) YTD.
  • Tesla's steep 27% decline significantly drags down Mag 7 performance, while broader market leaders such as Broadcom, AMD, and JPMorgan drive index gains.
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AMD price history

516.13 +140.00% over the displayed period

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