Dilok Klaisataporn Market Rotation: Magnificent Seven The Magnificent Seven rallied in early July, carrying the market to new highs, but reversed course with a violent selloff in early August for over $3T of total market value lost. While some of the Magnificent Seven's lower prices offer a more attractive valuation, recession fears have driven the CBOE Volatility Index "fear gauge" to pandemic-era levels amid economic uncertainty. The deepening tech sell-off prompted the Nasdaq to enter correction territor ...