Global Markets

Global Markets Update

7 June, 2018

Will the IT sector continue to propel the S&P 500?

The information technology (IT) sector of the S&P 500 has been on another tear since late April. Although its valuation is still not stretched and its weighting in the index will probably rise even further over time, we continue to think that it is vulnerable to an eventual cyclical downturn in the US economy.

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