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AI hype around ‘Magnificent 7’ stocks is latest example of ‘big market delusion’

Por: MarketWatch Business February 03, 2024

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See: It’s also when expectations can become untethered from reality. Investors should beware of falling prey to the “big market delusion,” Rob Arnott, founder of quant-focused Research Affiliates, the smart beta pioneer, told MarketWatch in an interview last week. The term was coined by professors Brad Cornell of UCLA and Aswath Damadoran of New York University to describe a scenario in which a big, new market is taking shape around an... + full article



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