How many expert stock pickers of the FAANG and smid-cap cloud cyclical peak know what happened to what used to be called the cloud (the internet) stocks as The Economic Cycle peaked at +5.3% year-over-year GDP growth in Q2 of 2000?
Here’s a quick historical rewind on both peak GDP vs. “it’s different this time” Tech profits back then:
A) Year-over-year US GDP Growth:
*note, from #PeakCycle in Q2 2000, every quarter GDP slowed
B) Year-over-year SP500 Tech Earnings Growth:
*note, from #PeakCycle what EPS growth did as GDP slowed