top of page
  • founder021

Tech drawdown

The total market value of the global equity market at the end of 2021 was $122 Tn. US equities accounted for $42Tn. And within US equities, roughly a third of the companies belong to the tech sector. The 6 biggest companies, pictured below, have lost a combined $5Tn of market cap this year, approximately 10% of the total market value of the U.S. equity market. To put this in perspective vs shares repurchased last year, the total value of announced buybacks in 2021 was $880Bn. The market would need 5 years of peak buybacks to repare the damage caused by this year’s bear market.


Want to know more? join Fund@mental here https://apps.apple.com/us/app/fund-mental/id1495036084


Source: Bespoke investments group




21 views0 comments

Recent Posts

See All

Comments


bottom of page