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Editor's Note: Below is a brief excerpt from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look. 

Here's Why Expensive Tech Stocks Are Getting More Expensive - 11.08.17 EL Chart

What isn’t slowing is US Technology (and Nasdaq) Earning’s Growth. Now that we’re > 80% of the way through Q317 Earnings Season, here’s the latest rate-of-change data on that front:

  1. US Tech in the SP500 currently has an aggregate year-over-year EPS growth rate of +25.7%
  2. Nasdaq (80 of 102 companies have reported) = aggregate year-over-year EPS growth of +22.1%
  3. Russell 2000 (182 Tech companies have reported) = aggregate year-over-year EPS growth of +19.8%

Yeah, cry me a river on the “valuation” of some of these companies. 

Here's Why Expensive Tech Stocks Are Getting More Expensive - early look