Momentum stocks hit 4th‑worst drawdown as Magnificent Seven slump; 70% rebound odds
Last week the S&P 500 lagged its equal‑weight counterpart by 350 bps as the Magnificent Seven fell sharply, delivering the fourth‑worst momentum drawdown in 22 years. Historical patterns suggest a roughly 70 % probability of a bounce‑back, meaning investors could see a quick recovery if the tech giants rebound.