Making Hard Choices in Extraordinary Times

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U.S. markets have sold off sharply after reaching record highs, driven by a correction in large‑cap technology stocks. With equity markets showing resilience throughout the summer, investors have raised concerns about market valuations, with some believing equities are priced for perfection. Given the weakness has centered on the FAANG1 complex, we address whether the recent market sell‑off implies the end of growth leadership.

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