Is Secular Leadership in US Technology Over?May 20, 2021
We believe the US technology sector has reached a level of valuation such that it is has the potential to substantially subtract from portfolio returns going forward. In this mid-quarter update, we:
-Highlight how we monitor valuations in the global stock markets while shining a spotlight on the US technology sector;
-Break down the US technology sector by industry and display various current valuation metrics; and
-Choose a few marquee names and put a microscope on several individual stocks, showing how we measure historic share prices relative to company fundamentals like sales, earnings and cash flow growth.
Download slides here: Is Secular Leadership in US Technology Over?
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