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The Magnificent 7's lousy year, by the numbers

1. Apple has lost nearly $700 billion in market value this year. 2. Tech stocks face selloffs due to macroeconomic uncertainties and recession fears. 3. Many tech giants, including AAPL, are down significantly year-to-date. 4. Apple's shares have dropped 17% since their record close in December. 5. Market conditions remain challenging as most megacaps report losses.

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FAQ

Why Bearish?

The ongoing losses in market value reflect negative investor sentiment, similar to previous tech downturns.

How important is it?

The article highlights negative sentiment around megacap stocks, including Apple, impacting potential investor behavior.

Why Short Term?

Short-term outlook remains volatile as macroeconomic conditions weigh on stock performance.

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