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SYE - Déjà Vu: Extremely Valued Tech Companies Propping Up Stock Markets
SPDR MFS Systematic Core Equity ETF
In the spring of 2000, as now, there was a widespread belief (we remember well, we were there) that the leading tech companies would be impervious to recessionary strife in their customers, the wider economy and financial markets. See The NASDAQ's summer 2000 bounce might contain a cautionary lesson:
"Along similar lines, the current environment carries the risk that - with COVID-19 likely to continue disrupting consumer and business activities in the coming months - the financial woes of companies in industries such as travel, energy, auto and hospitality are going to weigh on many