Sunday , July 21 2019
Home / FT Alphaville / The tech sector is over

The tech sector is over

Summary:
When Apple shares plunged 10 per cent last Thursday, it wasn't just about Chinese consumption worries, or global growth worries, or iPhone sales worries. It was also about something much more structural: no real tech left in the tech sector. And on a technical level, the tech sector not really existing any more. (At least not in the way it used to.) In September, indexing behemoths S&P Global and MSCI gave the Global Industry Classification Standard (GICS) -- the industry taxonomy that classifies stocks into sectors, which then form indexes tracked by billions of dollars' worth of ETFs -- its biggest ever shake-up. In the S&P 500, 13 stocks from the "Consumer Discretionary" sector, six from "Information Technology", and three from "Telecommunication Services" (which is now extinct) were

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Bradford DeLong writes Dwight D. Eisenhower (1954): Letter to Edgar Newton Eisenhower: Weekend Reading

Bradford DeLong writes Francis Wilkinson: Gun Safety Takes a Back Seat to Gun Culture and Children Die: Weekend Reading

Bradford DeLong writes Brad DeLong's Grasping Reality 2019-07-19 23:49:32

[email protected] (Cyril Morong) writes Was there really a shortage of meatless burgers?

When Apple shares plunged 10 per cent last Thursday, it wasn't just about

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *