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  "notes": "The slide highlights the current market position (Mar 30, 2026: 19.2x) on both charts.",
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      "text": "Source: FactSet, Refinitiv Datastream, Standard & Poor's, J.P. Morgan Asset Management. Returns are 12-month and 60-month annualized total returns, measured monthly, beginning 12/31/1993. R² represents the percent of variation in total return that can be explained by forward P/E ratios.",
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