S&P 500 Tech and Health Care + Amazon + Google vs. S&P 500 Excluding Tech and Health Care This chart highlights the outperformance of S&P 500 YTD (tech and health care + Amazon + Google) vs. S&P 500 (excluding tech and excluding health care). Image: BofA Global Investment Strategy
S&P 500 and Weight of Information Technology Sector The S&P 500 has a significant weighting for tech stocks that have weathered the coronavirus panic. Image: Morgan Stanley Research
LTM Earnings – World Ex Technology vs. U.S. Technology Technology earnings have outpaced significantly the rest of the world. Image: Goldman Sachs Global Investment Research
Technology Relative to the S&P 500 This chart suggests that technology is positioned to test its tech bubble highs from 2000. Image: BofA Global Research
S&P 500 Market Capitalization Weight of Info Tech, Communication Services, and Health Care Info tech, communication services, and health care sectors now account for 52% of the S&P 500 market capitalization. Image: Goldman Sachs Global Investment Research
U.S. Tech and Global Markets – Nasdaq Composite vs. MSCI World ex. U.S. This chart shows the dominance of U.S. tech companies in global markets, as the Nasdaq has grown bigger than the rest of the world’s stock market. Image: Goldman Sachs Global Investment Research
Is Tech in a Bubble? – Global Equity Market, Technology with Shiller PE This chart suggests that on every metric, global tech is much healthier than it was during the internet bubble. Image: Pictet Asset Management
Tech and Healthcare Flows Where the money is flowing? Into tech and healthcare funds, so far. Image: BofA Global Investment Strategy
Tech Giants – FAAMG vs. Tech Bubble and Nifty 50 This table puts into perspective FAAMG today vs. the tech bubble and the Nifty 50 bubble. Image: Goldman Sachs Global Investment Research
Energy and Financials Stocks vs. Healthcare and Tech Stocks This chart highlights the polarization in sector dominance (not investment advice). Image: BofA Global Investment Strategy