— stocks the majority of millennials would never dream of living without. Imagine not being able to Google something, accept a new friend request from Facebook on your iPhone, or watch Netflix through your Fire TV Stick. It's a scenario unthinkable to most.
He's focused on how growth is starting to slow for these firms. Considering profit expansion has been the single biggest driver of stock gains throughout the bull market, that's a problematic development. Boomers pushed the Nifty Fifty stocks to sky-high valuations as they became infatuated with emerging brands and trends. But as they started to mature, and their preferences and tastes started to change, the stocks that associated with their adoration experienced massive drawdowns.
"The Nifty Fifty provide an interesting historical precedent for investors: these high-growth stocks which catered to the tastes of the rapidly expanding cohort of boomers reached their peak in 1972," he added."Most of these companies kept doing well, but their high-multiple, high-growth stocks were decimated in the brutal bear markets of the 70s."
So Millennials are killing: *Pulls out pen and flips through heavily worn notepad* *Scribbles 'mega-cap tech stocks'* *Wipes away tear*
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