One of America's most respected investors says the 'Magnificent Seven' isn't overvalued — the rest of the market is
1. Howard Marks finds 'Magnificent Seven' stocks not overvalued despite overall market concerns. 2. S&P 500 returned 58% in 2023-2024, largely due to top tech stocks. 3. Majority of non-Magnificent stocks show unjustified higher P/E ratios. 4. Marks warns current market conditions might be shifting to 'worrisome'. 5. Valuations tied to fundamentals matter long-term despite prevailing market sentiment.