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Ren
@ren_stocks
Investing into the AI buildout โšก๏ธ 308% YTD Head of AI | Product Manager #79# Bestseller on Substack Finance. Subscribe on X or on Substack to get Discord access
๊ฐ€์ž… November 2020
132 ํŒ”๋กœ์ž‰ ์ค‘    54.9K ํŒฌ
Call me surprised. Iโ€™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? ๐Ÿ’€ 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.
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