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