The Market’s Big Tech Concentration Is Not a Problem, Robeco Report Finds
Even if an economic dip sends stocks lower overall, the Mag Seven’s earnings should hold up, the Dutch firm says.
Even if an economic dip sends stocks lower overall, the Mag Seven’s earnings should hold up, the Dutch firm says.
Ned Davis Research shows that various ways of gauging price-to-earnings ratios demonstrate equities reaching historically high levels.
Changes to the market’s makeup call the validity of the multiple into question—and allow for even more market advances, per strategists.
Lower rates, domestic orientations and history could produce a turnaround, Lazard says.
Historically, when the sector’s P/Es are this high, its market performance flags over the next 12 months, per Jack Ablin.
China’s drawbacks are prompting some hard thinking among American institutions, but the country’s allure remains potent.
The outlook for profits, valuations and the Fed are dispiriting, says a study from the asset manager.
The kings of the tech realm have suffered stock slides but still command powerful advantages.
Disrupters focused on the ‘internet of things’ could be the ones to knock over today’s kingpins. Recall the fates of IBM and other one-time heavyweights.