Dharma: "The Seven Capitals of America" valuation premium has been down or down for 10 years

On 9 July, according to the Morgan Stanley Commission on Global Investment in Wealth Management, the “Seven U.S. Stock” valuation premium against an additional 493 equities in the Standard 500 index is currently only 10 per cent, the lowest level in more than a decade. “In contrast, we think these super-sized cloud giants now look so cheap.” In a report on Tuesday, Lisa Shalett, Chief Investment Officer for Wealth Management, Morgan Stanley, wrote. In view of the current situation, the investment manager indicated that she would gradually reduce her hold on semiconductor stocks and selectively re-purchase the “Seven Big” companies that were most likely to win in the AI competition。