Is MAG 7 cheap enough?
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Goldman Sachs trader and global markets head Mark Wilson believes that since Trump's victory, an interesting and less discussed factor in the market pullback is that tech stocks peaked much earlier than the broader market. Therefore, this week's trend decisive breakthrough is worth paying attention to (Figure 1 shows NVIDIA's performance); the reset of large tech stock valuations is significant—Figures 2 and 3 display the market consensus earnings per share expectations and free cash flow multiples for the Mag-7
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