FTEC News and Press, Fidelity MSCI Information Technology Index From 09/11/21

A dashboard with metrics in technology industries. Value and quality scores, and their evolution since last month. Fast facts on VGT. A list of cheap stocks. For further details see: VGT: Technology Dashboard For September

FTEC is likely to march higher in light of steady, positive earnings growth, and the strength of the fund's underlying average return on equity. FTEC's short-term valuation might look pricey, but tech stocks possess the power of narrative; strong earnings enable tech stocks to maintai...

The technology sector has come roaring back after a market rotation earlier this year from growth to "value" proved to be a head-fake (as I had previously suggested it would). Unfortunately, XLK doesn't hold Google (which is up 60%+ YTD). But it does have a 43.5% allocation in just tw...

The IHS Markit Global Sector PMI™ signalled sustained strong recovery for the global economy, led by the consumer services sector. Basic Materials sector output growth eased for a second straight month to land in the last position of the eight sector groups we track in the glob...

Capital expenditure expectations appear to have recovered from pre-pandemic levels in most major regions and are trending upwards according to analyst estimates. For the U.S. index, the 12-month forward capital expenditures estimate is currently $885.6 billion, up 13.8% year-over-year...

Year over year, the Consumer Price Index (CPI) rose 4.2% in April, 5.0% in May, and 5.4% in June. Fading re-opening enthusiasm or the drying up of government stimulus checks could be factors in the sluggish growth numbers compared to prior month. Bond and equity markets indicated ...

The technology sector has been the most impressive part of the stock market for some time now -- certainly over the past decade as it provided the propulsion for the longest bull market in U.S. history. How things will play out over the next 10 years is impossible to know, but experts expec...

Global PMI signalled regional divergence deepening. Delta variant driven divergence aggravates as price pressures ease. Divergence in growth performance carries key risks, including for emerging market assets. For further details see: Delta Variant Spread Poses Key Risks...

In 2021, energy is where the money is going. Money is flowing out of Momentum stocks this year, and much of it is going into Value names. Commodities are having a strong showing compared to last year. For further details see: If You Want To Know Where The Market Action I...

As we mark the halfway point of the year, the economy is in full recovery mode and asset prices are soaring. As we enter the second half of the year though, it is hard to ignore some contradictions. Economic growth in H1 is going to print a big number, and yet, the 10-year Treasury no...