Five Companies Represent 35% Of All The S&P 500’s Value Creation Over The Last 5 Years
Zero Hedge -

Submitted by Nicholas Colas of DataTrek

Six companies represent 37% of all the S&P 500’s value creation over the last 5 years: Amazon (10.1%), Apple (6.5%), Facebook (4.7%), Google (6.4%), Microsoft (7.8%), and Netflix (1.8%). And even though NFLX may look small, its increase in market value over the last 5 years is essentially the same as JP Morgan’s. US equity valuations reflect present and future Tech disruption. No other narrative need apply.

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In our Markets section 2 nights ago...

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