Tech Stocks Are Still Doing Better The S&P 500
The spread of these contagious narratives has a determining effect on the stock market valuations. For instance, in the late 1990s, the positive dot.com narrative resulted in massive over-valuation of firms that had no viable businesses. It was followed by an era driven by the opposite narrative, in which anything to do with technology was stock-market poison. Amazon barely survived this “nuclear winter” for tech stocks of that period.
While tech stocks with strong businesses are lower than their recent highs, as a result of the currently contagious narrative for investors to “get out of tech,” these stock are still doing better collectively than the the average S&P 500 company, as shown in Figure 1.The memes that “tech is dead” or that “customer choice will disappear” are nonsense. Nothing in the current uptick of inflation has changed the over-arching the narrative that the future of the economy lies in tech.
It is a forward-looking measure, incorporating the combined judgment of the stock market as to the future shareholder value of each company. In this respect, it differs from indices like the Fortune 500 which ranks firms by way of the backward-looking measure of total revenue.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
S&P 500 falls into bear market, joins NasdaqThe broadest measure of the U.S. stock market entered a bear market on Friday.
続きを読む »
The technician who called the 2020 market bottom says a 'shocking rally' is in storeThe technician who called the 2020 market bottom says a ‘shocking rally’ is in store
続きを読む »
S&P 500 fends off a bear market at the end of another brutal weekThe S&P 500 has tumbled more than 20% from its peak in January as mounting recession fears spook investors.
続きを読む »
Crypto And Stock Market Doom Loop: Can It Be Avoided?Bitcoin has crashed but it still has a way to go. It will take something remarkable to go awry to turn this dump around.
続きを読む »
Media Stocks Mixed as Markets Tumble Toward Bear TerritoryAmid fears of a looming global recession, shares of media companies had a mixed day of trading Friday as major market indexes marked their the longest string of weekly losses in decades. The S&…
続きを読む »
Bear market beckons as stock volatility continues in 2022The stock market's brutal year neared a grim milestone as the S&P 500's slide on Friday threatened to leave it in a bear market for the first time since March 2020, fueled by worries over sky high inflation, a hawkish Federal Reserve and future economic growth.
続きを読む »