Liz Ann Sonders is a pro’s pro and a #HedgeyeNation audience favorite (for good reason).

During last week’s Hedgeye Investing Summit, Liz Ann discussed a worrying trend, the rise of “sound bite investing” and how “newer entrants into this world of investing don't understand the necessity of a lot of deep dive analysis." CLICK HERE to watch the full interview.

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She also explained how a lot of investors who blindly buy the soundbites are getting burned right now. "I get asked questions like, ‘When are the Magnificent7 going to stop leading the market?’” Liz Ann says. “They have. There's a little bit of a delayed awareness, not even acknowledgement of the shift that has happened.”

Take a look at the year-to-date performance of the so-called “Magnificent 7” (as of 4/12):

  • Nvidia (NVDA): +86%
  • Meta Platforms (META): +49%
  • Amazon (AMZN): +25%
  • Alphabet (GOOGL): +15%
  • Microsoft (MSFT): +14%
  • Apple (AAPL): -4%
  • Tesla (TSLA): -30%

Despite the performance divergence we haven’t yet rebranded the Magnificent 7 the Mag5 plus the Terrible Two.

Oh well.

Liz Ann also brought attention to the lack of deep dive analysis from professionals on Wall Street. "There needs to be more actual analysis of base effects and how the math works,” Liz Ann explained, “and whether the Fed has any hope of seeing inflation get to their, somewhat arbitrary, 2% goal."

Watch the entire Hedgeye Investing Summit discussion between Liz Ann and Keith here.

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