"Make Mag 7 like U.S. Treasuries"! Goldman Sachs: U.S. stock mining stocks soar amid earnings volatility, while tech giants are "more stable"
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Goldman Sachs hedge fund head Tony Pasquariello stated that the earnings volatility of metal and mining stocks far exceeds that of the Magnificent Seven tech giants, making their performance appear comparable to U.S. Treasuries. Prices of metals such as rare earths and gold have reached historic highs, with the Roundhill Magnificent Seven ETF rising 17%. In contrast, the SPDR S&P Metals and Mining ETF has increased nearly 88% during the same period. Pasquariello believes that the current market environment is highly dynamic, showcasing different trends
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