Goldman Sachs says the Magnificent 7 are the cheapest they’ve been in 6 years — and an upcoming catalyst could help push shares another 20% higher from today’s prices

• High bond yields, coupled with recession fears, have spurred investors to sell this fall.
• The so-called Magnificent Seven have pulled back as well, but that could be a buying opportunity for investors.
• Goldman Sachs outlines how high earnings and low valuations could send the mega-cap tech elite even higher.

A small group of big stocks is responsible for the majority of the market’s gains year-to-date — and despite appearances, they aren’t running out of steam anytime soon. At least according to Goldman Sachs.