Wake Up Warren! Big Tech "Cheapest" in 10 Years

A fully green day for the Magnificent 7

Stocks finished higher Tuesday, led by Mag 7. It was a re-grossing of the de-grossed, as heavily sold pockets from Q1 stood out as outperformers - with Retail, Mega-Cap Tech, and HighBeta 12M Winners all closing at the top of the leaderboard. The biggest inflection in Tech lately has been the de-rating of Mag 7 stocks, down ~11% in March, worst month since Dec’22 - due to a mix of GenAI debates, Tariff uncertainty & positioning / risk-off. The big question now is of course if the sector is a buy at more reasonable valuation levels. Let's examine.