When capitalism nearly died in 2008, major stock market indices experienced >50% drawdowns from all-time highs. After unprecedented interventions by the Federal Reserve — and a historic surge in government debt to GDP — tech, growth, and the S&P 500 have seen stellar returns. (QQQ, VUG, & SPY respectively above).
On the other hand — small caps (VB), value (VTV), real estate (VNQ), developed markets (VEA), and emerging markets (IEMG) — have significantly underperformed. Tech companies have become more valuable than most countries’ GDP. Recently, the total market cap for top tech companies has surpassed $14T.
Will the tech boom continue upwards or is it time for small caps plus value to mean revert to a fair historical share of the total market? Tech also leads dominance for the U.S. versus other developed and emerging markets. More recently, the divergence is especially striking in percent returns and drawdown visualizations since 2020.
On the other hand — small caps (VB), value (VTV), real estate (VNQ), developed markets (VEA), and emerging markets (IEMG) — have significantly underperformed. Tech companies have become more valuable than most countries’ GDP. Recently, the total market cap for top tech companies has surpassed $14T.
Will the tech boom continue upwards or is it time for small caps plus value to mean revert to a fair historical share of the total market? Tech also leads dominance for the U.S. versus other developed and emerging markets. More recently, the divergence is especially striking in percent returns and drawdown visualizations since 2020.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.