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Sep 08 2021

Technology Stocks: Dance Like Nobody’s Watching

  • Sep 8, 2021

In the middle of the last decade, we marveled at the Tech sector’s ability to flog the rest of the market quarter after quarter, with no meaningful breakout in valuations. Specifically, the median Price/Cash Flow ratio for S&P 500 Technology managed to “hug” the 15x level for about four years beginning in late 2013. Tech’s post-COVID boom is nothing of the sort.  


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager