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For many months, the top five US market capitalization positions have been replaced by technology, but the trend is starting to change.
The Wall Street cycle change will begin where the longest era of expansion began. of history: the technological sector.
Silicon Valley's flagship companies, led by Apple, Amazon, Facebook, Google and Netflix, have been the driving force behind unprecedented growth in US markets, which have been accumulating almost continuously since March 2009.
The strength of technology, its high growth rate, high cash flow, and potential for diversification have made it a favorite among investors, making it the top-ranked and most profitable company in the industry. the industrial sector or the financial sector.
For five months, the top five positions among US-based entities have replaced the US stock market's mainstreamization, but the trend begins to change . Investors are wary of the leadership capacity of the sector, dragging their major companies and, with them, the entire market, given the enormous weight of technology for Wall Street.
When doubts were already unavoidable, Apple, Amazon, Alphabet, Facebook and Netflix accumulated a stock value loss of US $ 722 billion. This figure exceeds $ 1 trillion compared to the highest recorded between August and September.
Apple focuses most of the market's fears. Last September, the company closed the best year in its history, but was very cautious with the expected revenues for the current quarter, theoretically the highest sales thanks to the consumerist pull of the holiday season. At the time, many of its suppliers had downgraded the estimate of results before the orders of their main subcontractor fell. Alarms then surrounded the iPhone, whose saturation is becoming a decisive reality for the future of Apple, which still depends on a 60% of its flagship phone, despite efforts to develop in the market of services.
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