Another day, another market record, this time in nice round numbers, as the Nasdaq hits new all time highs, rising above 6,000 for the first time ever ...
... driven by the familiar five tech giants Amazon, Apple, Facebook, Google, Microsoft, which together now account for over 10% of the total US market cap.
Billionaire investor Paul Tudor Jones has a message for Janet Yellen and investors: Be very afraid.
Echoing a number of recent high profile managers' warnings...
Guggenheim Partner’s Scott Minerd said he expected a "significant correction" this summer or early fall, citing as potential triggers President Donald Trump’s struggle to enact policies, including a tax overhaul, as well as geopolitical risks.
European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday's weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was "absolutely not" trying to talk down the dollar.
Authored by Lou Kerner via HackerNoon.com,
I first wrote about the increasing domination Facebook, Apple, Microsoft, Google, and Amazon (aka FAMGA) in January of this year. It was not a particularly widely read piece. But every day since then, I’ve become surer of the simple, but profoundly impactful, realization that:
The most valuable companies in the U.S. are increasingly tech companies.
Via Investment Research Dynamics,
Please note, many will argue that the p/e ratio on the S&P 500 was higher in 1999 than it is now. However, there’s a number of problems with the comparison.