Can the ‘Magnificent Seven’ save a stock market that might be doomed without them?

The article argues that the S&P 500 may need the “Magnificent Seven” megacap tech stocks to regain upward momentum after a quiet July and a weak first half for the group. The Roundhill Magnificent Seven ETF has rebounded more than 4% in July after a 9% June decline, helped mainly by Apple’s roughly 15% monthly gain and Meta’s 14.7% rise. That strength has offset weakness in semiconductors and memory chips, leaving the broader market little changed. With Alphabet and Tesla due to report earnings and the group expected to post 31.1% second-quarter earnings growth, investors are positioning for results that could re-energize the market or further separate AI winners from losers. The article also flags geopolitical risk from the Middle East and higher oil prices, plus uncertainty ahead of the Fed’s July 28-29 meeting, as additional sources of volatility.