The US stock market's Magnificent 7 have lost a whopping $1.75T in 10 days

The Kobeissi Letter

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Trillions of Dollars of market cap are moving right now: The Magnificent 7 has lost a combined record $1.75 TRILLION of market cap over the last 10 trading sessions. The 2nd greatest loss occurred in Q2 2022 when the group erased ~$1.4 trillion in a 10-day period. To put this