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JPMorgan says Magnificent Seven valuation reset has reached a 10-year low

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  • JPMorgan says the Magnificent Seven's relative valuation reset has largely run its course.
  • The group's forward valuation reached a 10-year low, near one standard deviation below its historical median.
  • JPMorgan expects Magnificent Seven earnings to grow 20% in 2026, versus 11% for the S&P 500 remainder.
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