15 lines
883 B
JSON
15 lines
883 B
JSON
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{
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"HubID": "5077",
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"Date": "1/7/2025",
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"HubTags": [
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"External Platform Posts",
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"Future Map Forward Guidance"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "",
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"Summary": "<p>Howard Marks memo:<br /></p><ol><li>Elevated P/E ratios (currently around 22 for the S&P 500) have historically been associated with low subsequent returns (around ±2% annually over the next decade).</li><li></li><li>Today’s market shows some bubble-like characteristics, including high valuations and concentrated gains from a few tech giants. However, it lacks the outright mania and irrational thinking seen in past bubbles.</li><li>Notably, the author does not hear investors claiming “there’s no price too high,” a hallmark of previous bubbles.</li><li>The author remains cautious but refrains from declaring a definitive bubble.</li></ol>",
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"Notes": ""
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}
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