FYI: (This is a follow-up article.)
Tchnology’s status as the hottest segment on Wall Street may be coming to an end — and not for reasons that have anything to do with the high-flying sector’s fundamentals.
Changes to MSCI’s and S&P Dow Jones’s Global Industry Classification Standard means that September will see the launch of a new communications sector, built largely out of stocks that currently occupy the telecom, technology and consumer discretionary sectors. While the real estate sector was introduced in 2016 with the components spun out of the financial sector, this marks the first time that a new industry group will be created in this fashion.
Regards,
Ted
https://www.marketwatch.com/story/an-unprecedented-change-to-the-stock-market-will-create-a-concentrated-sector-of-trading-favorites-2018-02-27/print
