Biden stock market? "Magnificent 7" stocks, Nvidia, Apple, Microsoft, Tesla, Meta (Facebook), Amazon, Alphabet (Google). Those are up 70% in 2023. The stock market (S&P500) is up 21% for 2023. Take the above 7 stocks out, and the market is only up 6% The PE ratio for those 7 stocks is 50, way too high. This explains why Buffett has been doing massive selling of stocks.