This report is from today's CNBC Daily Open, our international markets newsletter.
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The team pointed to high valuations and concentration in today's stock market as reasons for their forecast.
[PRO] Ranking the Magnificent SevenThe Magnificent Seven bag of stocks — Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia and Tesla — is responsible for most of the S&P 500's rally this year.
Not so, according to a tech investor who owns all seven stocks.
Persons:
Europe's, Goldman, Goldman Sachs, David Kostin, Bob Iger, Iger, Bob Chapek
Organizations:
New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Treasury, Autonomous, Microsoft, Disney, Apple, Meta, Nvidia, Tesla