Investing into the AI buildout ⚡️ 308% YTD
Head of AI | Product Manager
#79# Bestseller on Substack Finance.
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Call me surprised.
I’m making a shopping list for the coming week and I found that after Thursday's brutal drop, the Nasdaq ($QQQ) has outperformed the S&P 500 ($SPY) by just 9 points over the last FIVE years. +66% vs +57%.
That's barely more than 1 point a year, for the part of the market that's supposedly in a bubble.
And you think we're in a bubble? 💀
Tech is trading at 17x forward earnings vs 18x for the S&P 500.
It's cheaper relative to the market than it's been for most of the last decade.