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Expectations Soar, Stock Prices Roar! 🐂
Markets have “priced in” a goldilocks economy with lower interest rates on the horizon. In anticipation, the S&P 500 P/E ratio has soared to 19.8x, surpassing historical averages.
The Magnificent Seven Delivered a Whopping 80% Gain This Year
Now that the Magnificent 7 is up 80% this year and represents nearly 29% of the S&P 500 index, consider diversifying to reduce risk.