STOCKS | Apollo’s Slok Says Profit Margins Outside Magnificent 7 Must Rise

Apollo Global Management Inc. chief economist Torsten Slok said Big Tech valuations are at risk unless profit margins improve beyond the Magnificent 7, according to Bloomberg. “We need to see profit margins go up outside the Magnificent 7,” Slok said Tuesday on Bloomberg Television’s Surveillance, adding that performance in the “S&P 493” has become critical.