US stocks look like a "rubber band poised to snap" according to RBA analysts
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- Stock market valuations look like a "rubber band poised to snap," an RBA analyst said.
- While investors are following hype around the Magnificent Seven, global stocks are undervalued.
- Even within the US, equities outside the prized seven tech stocks look relatively cheap.
US stocks have felt the love from investors this year. Other markets around the world? Not as much.
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