Behind the Markets Podcast · Friday, July 24, 2026
Jeremy Schwartz notes that the Mag Seven stocks experienced their largest single-day drop in four years on Wednesday, following reports from Tesla and Google. Professor Jeremy Siegel correlates this with the concept of 'capital pigs' from their book, where high capital spenders underperform.
“I think on Wednesday, it was the biggest drop in four years on a one day basis.”
“Now, of course, this was after Tesla and and Google you know, reported, which wasn't a terrible report, really. But they just took them all down.”
“You remember Jerry, we had a chapter, um, in in our book, Future for Investors called Capital Pigs.”