JHMT - U.S. Stocks Include Less 'Tech' Than People Think
It's well known that US stocks, overall, are some of the most expensive in the world. One reason that's given is that the US market has a high weighting to technology stocks. The theory being that they justify premium valuation ratios due to higher growth prospects. In reality, the US information technology sector is considerably smaller than people think. A lot of big "tech" stocks aren't really tech at all.
US stocks are some of the most expensive in the world. In fact, at the country level, only Denmark is more expensive (see here -