While yesterday’s headlines highlighted regulation on FANG stocks, the broader stock market actually performed quite well without the technology cohort of Facebook, Amazon.com, Netflix and Google (Alphabet).
The S&P 500 Equal Weighted Index posted its biggest one-day outperformance over the cap-weighted index since August 2009, indicating investors saw value outside of the tech giants.
Disclosure: This Commentary represents a review of topics of possible interest to Pennsylvania Trust’s clients and is not personalized investment advice. It contains Pennsylvania Trust’s opinions, which may change following the date of publication. Information obtained from third-party sources is assumed to be reliable but is not guaranteed. No outcome – including performance – is guaranteed, due to various uncertainties and risks. This document is not a recommendation of any particular investment. Investment decisions for clients are made on an individualized basis and may be different from what is expressed here. Past performance is no guarantee of future results.