Here are 6 screen captures from this video, corresponding with the beginning/end, and the 4 major peaks/valleys in between.
Some observations/questions:
- Microsoft has been highly valued for 20+ years. It is still well positioned to dominate going forward.
- Aside from Microsoft, individual consumer goods/services, technology, and telecommunications stocks are not highly valued over multiple cycles. Will Apple, Facebook, and Google break this trend?
- There's (almost) always top representation for one big retailer. It used to be Walmart; currently it is Amazon. What will happen with Alibaba?
- Energy has historically exclusively been fossil fuels - and is in current decline. Will green energy be as highly valued in the future as fossil fuels have been in the past?
- Both financials and healthcare have at least one stock each in the top 10, regardless of the point in the market cycle...but rarely in the top 5 (disregarding the farce that was/is General Electric).
- Commodities, industrials, infrastructure/utilities, real estate, and transports are historically not likely to have a top 10 stock.
