‘Run with the bulls.’ Don’t worry about the S&P 500 until it reaches 6,250, says SocGen.
“The Magnificent Seven story is over, thankfully.”
That was Jay Woods, the chief global strategist of Freedom Capital Markets, speaking to CNBC on Wednesday after another down day for most Big Tech names — Tesla TSLA, 1.24% and Apple AAPL, 1.79% were hardest hit, and the Nasdaq Composite is clinging to a roughly 0.5% monthly gain.