The MAG 7 / Magnificent 7 tech stocks (and AI/hyperscaler trade) became reserve assets globally—owned by every fund, every sovereign wealth fund (Abu Dhabi, Norway, Swiss National Bank); Swiss National Bank explicitly said they just buy top 20 market cap stocks globally; this created a correlation between MAG 7 performance and the dollar index.
factualpending
Speaker
Dan NathanEvidence Quote
“these mag seven stocks became a reserve asset. Yes. Owned by everyone around the world. Every fund.”
Created: 8/12/2026, 6:20:13 PM
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