#This is our exclusive Asia-In-Focus Monthly Report for our email subscribers. This report was first published on the 30th June 2017.
Asia-In-Focus
June 2017 Edition
Buy In June And Enjoy The Day
On the 9th June, an analyst at Goldman Sachs, Robert Bouroujerdi, warned that “the $600 billion outperformance by the 5 biggest tech stocks known as ‘FAAMG’ — Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple(NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Alphabet(NASDAQ:GOOGL) — had contributed about 42 percent of all stock market gains over the last year. Goldman worries that the boom has created a “valuation air-pocket,” similar to the ridiculously high valuations for tech stocks during the Dot-Com boom.”
Interestingly, just 3 days before Goldman Sachs issued that report on FAAMG, its Chief Equity Strategist, David Kostin, went on CNBC live, stating that Tech stocks should continue to do better than the broader market provided “valuations are not excessive”.
But 3 days later, ...
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