Mega-Cap Mystery: Are the "Magnificent 7" currently Overvalued or a Smart Buy? Strategic Takeaways Elevated Valuation: QQQ's P/E ratio of 34.37 signals a premium valuation, demanding superior future earnings growth to justify current prices. Non-Normal Risk: The Jarque-Bera test (p-value=0.0005) strongly rejects a normal distribution for returns, indicating that standard risk models may significantly underestimate…