Current Status of US Stocks: The "Strong" Mag 7 and the "Expensive" 493
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The S&P 493 Index (which is the S&P 500 Index minus the Mag 7) is expected to see net profit growth of only 2-3% in the second, third, and fourth quarters. This is slower than inflation, indicating that most companies have almost no real growth. By this measure, U.S. stocks are quite expensive!
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