**[U.S. Stock Market's "Magnificent Seven" Stocks Decouple from Ordinary Market Stocks, Correlation Turns Negative to Hit New Low]** Reported by Golden Finance, on March 24, according to The Kobeissi Letter, the U.S. stock market's "Magnificent Seven" has decoupled from other sectors in the market: The 100-day correlation coefficient between the Magnificent Seven Index and the S&P 500 Equal Weight Index has dropped to **-0.27**, marking the lowest negative value since June 2023. This indicates that large-cap tech stocks are now moving in the opposite direction to ordinary market stocks. Since 2019, there has been only one period with a lower correlation coefficient: the first and second quarters of 2023, when the AI boom drove tech stocks to surge by 45%, while the S&P 500 rose by just 7%. The situation has now reversed: over the past three months, the Magnificent Seven has significantly underperformed ordinary market stocks. The Magnificent Seven has entered a new phase.