A large drop in the market on Monday sparked fears of a recession. While the stock market has recovered in the days since, investors are factoring concerns of a recession and high valuations for stocks including the Magnificent 7 members. What Happened: The SPDR S&P 500 ETF Trust (NYSE:SPY), which follows the S&P 500 Index, and the Invesco QQQ Trust (NASDAQ:QQQ), which tracks the Nasdaq 100 had large drops of 3% due to economic uncertainties and global fears. With many stocks down on Monday, the Magnificent 7 stocks were also hit and some investors chose to buy the dip on these stocks that hav…
