Where are the permabulls? Decoding the rally

While the rich and powerful on Wall Street have non-stop conversations over when, or even if, the Federal Reserve will slash interest rates to supercharge the stock market, investors in one of the hottest areas of the market are selling first and asking questions later. That hot sector is none other than the Magnificent 7 – aka the Mag 7 – comprised of top tech companies Microsoft, Amazon, Meta, Apple, Alphabet, Nvidia and Tesla. These investor favorites have come under pressure as market players dial back hopes for rate cuts in 2024. So what’s your best trade right now on these often money-makers? Yahoo Finance Executive Editor Brian Sozzi is joined on Episode 2 of Opening Bid by Truist Co-Chief Investment Officer Keith Lerner, and Yahoo Finance Senior Reporter Ines Ferre to share their inside perspective. An added bonus – Lerner reveals his best investing tip of all-time. Learn more about your ad choices. Visit megaphone.fm/adchoices