FAANG SCHMAANG: Don’t Blame Over-valuation Solely on Information Technology

GMO – FAANG SCHMAANG: Don’t Blame the Over-valuation of the S&P Solely on Information Technology, October 2017 Do the old rules apply to a “new” S&P 500? As we entered the roaring 1980s, the S&P 500 was dominated by lower-price-multiple, cyclical companies. Energy, Materials, and Industrials sectors accounted for 45% of the S&P 500 while […]

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