Prepared for you by Randy Dunham
September 22, 2026
THE PRINT
The Magnificent 7 made new all-time highs.
THE CHART(S) / DATA
The Mag 7 gained 75% in the seven months following the April 2025 selloff, then spent the next 10 months going sideways.
Now, the group has broken out to all-time highs.
Strength in these stocks has a meaningful impact on the broader index, as they make up roughly a third of the S&P 500.
Google (GOOGL): 5.9%
Amazon (AMZN): 4.0%
Apple (AAPL): 6.6%
Meta Platforms (META): 2.2%
Microsoft (MSFT): 5.3%
Nvidia (NVDA): 7.9%
Tesla (TSLA): 2.0%
Apple has been the strongest member of the group this year, with Nvidia trailing closely behind.
Tesla is the only one trading lower on the year.
Takeaway: The Mag 7 just broke out of a 10-month consolidation. Because these stocks are among the largest in the S&P 500, a sustained breakout would provide another source of strength for the broader index.
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Material, data, and information in this newsletter are for informational purposes only. This is not tax, legal, or investment advice, and does not constitute a suggestion, solicitation, or offer to buy or sell securities. TTI believes this information is reliable but does not warrant its completeness or accuracy.