All Magnificent 7 stocks are declining YTD, underperforming the broader market.

Microsoft,$MSFT, and Amazon, $AMZN, are the biggest laggards with –17.0% and –13.9% drops.

Some of them have not seen gains for months, with Microsoft having no gains over the last 2 years.

These are the most favourite retail investor stocks and they recently bought a record amount of equities over the last 3 weeks.

Mom-and-pop investors are deeply underwater.