"Magnificent Seven Stocks: Analyzing Bond Spreads, Volatility, and Future Successors"
The stocks of the Magnificent Seven tech companies have reached record highs, but their bonds have experienced net selling and widened spreads over U.S. Treasurys this week. Meta Platforms Inc. is set to close at a record high and add over $200 billion to its valuation, while Amazon and Alphabet are speculated to follow suit with dividends. The high-grade corporate bond market is showing signs of fatigue, possibly due to Treasury selling pushing the 10-year yield above 4% after the latest Federal Reserve meeting and a strong jobs report.