FYI: Nobody wants to say this but I will.
The technology sector has gotten so big, so pervasive and powerful, that the stock market index creators had to break it up. Because the monopolist powers of these corporations off of the stock market and in the real world have not been checked by natural competitive forces or government intervention.
The big names in tech get bigger and bigger every year, their influence extending into all facets of modern life, no industry left untouched by the effects of this.
This has been reflected in S&P 500 in terms of market capitalization and the weighting these companies have. They’re almost a quarter of the large cap indices now. And even within the sector, a handful of enormous companies dominate. It’s like how the .01% of rich people have most of the wealth of the 1% in the world. The same thing is being mirrored across the corporate landscape.
Regards,
Ted
http://thereformedbroker.com/2018/01/15/breaking-up-tech-indexes-doing-what-the-economy-wont/
