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No big sector has seen similar level of YoY growth like tech. STOXX 600 is almost flat for last 20 years. While S and P 500 and Nasdaq rose 5-10 times over that
by YetAnotherNick 4y ago
No big sector has seen similar level of YoY growth like tech. STOXX 600 is almost flat for last 20 years. While S and P 500 and Nasdaq rose 5-10 times over that period. While tech is not everything for the economy, it seems tech is everything for economy growth in past 30 or so years.
- oezi 4y agoBut stock growth and economic growth doesn't necessarily go hand in hand. Much of the stock market growth came from Central Bank policy. Stock market growth is also something that isn't necessarily benefitting the country where a stock is listed. A european investor can buy Apple stock and participate the same was an an American one.
- cma 4y agoIf workers get more pay, it can take from profits and share values go down, but the economy can still go up. Same if industries just gets more competitive, the economy can go way up with no change or with a loss in profit.
- benhurmarcel 4y agoThat tech stock growth doesn't translate to any benefit for the average citizen.
- s1artibartfast 4y agoNo, but it is a proxy for growth of profit, goods and services, and jobs
- raron 4y agoFor me (as an average citizen) the growth the US stock market was the easiest (and probably the only) way to keep at least some value of my money... (Not all, because my real basket of goods is very different than what is used to calculate inflation...)