_____________________________________________________________________S&P 500 has been on a roll over the past few weeks, entering bull market territory after rising 20 per cent from its October low.
The 88 companies in the IT and communications sectors that account for more than a third of the S&P 500s market cap are now generating almost all of its growth and much of this is tied to the boom in interest in Artificial Intelligence. But as Marion’s chart shows us the increase in TMT’s market cap is moving in the opposite direction to the share of profits represented by this sector.Article content
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