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1. Mag 7 vs. Four Horseman of 1999—Nowhere Near Valuations Now

Mag 7 vs. Four Horseman. "The P/E ratios of the Mag 7 today are elevated nowhere near the Four Horseman of the '90s (Cisco, Msft, Dell, Intel). Mag 7 is trading at 36.8x earnings, below the 47.3x in 2021 and well below the 80!) of the Four Horseman pre-dot com crash."

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2. Yesterday’s Rally Followed Record Put Volume Trades

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3. Tech Capex Spending vs. GDP Right at 1999 Levels

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4. Capex as a Share of Operating Cash Flow from AI Players-Prof G Markets

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5. MSFT Did Not Make New Highs This Fall …Pulled Back to 200-Day Moving Average

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6. RNMBY European Defense Company -30% from Highs…Closes Below 200-Day

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7. European Financials were Sideways for a Decade…Big Breakout

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8. Biotech Left for Dead…+27% 2025…Big Base

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9. Bill Ackman Pershing Square Core Investment Principles

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10. The High Cost of Building Nuclear Plants

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