The David Lin Report · Tuesday, July 14, 2026
Adam Taggart observes that three of the 'Mag 7' stocks are down year-to-date, suggesting a potential topping pattern in the market. He notes that while the market has been driven by these tech giants, their recent lag, combined with the narrowness of the AI rally, raises concerns.
“So, as I checked a couple days ago, three of the Mag 7 stocks are down here to date. Is there a consensus on your show over whether or not this is a topping pattern here?”
“I don't think I'd say there's a consensus, but I would say the majority of people that I interview are taking note and seeing it as an important potential warning sign that the top could be behind us here, at least in the Mag 7 complex.”
“It's one of the things that they are concerned about is the fact that, you know, for much of the past couple of years, market breath hasn't been great, right? And what's been driving the market? It's been the Mag 7.”