Confront science and technology guide an US stock to go tall ceaselessly and the enthusiastic angle that company of large science and technology gets, committee of index of mark general Dow Jones is before a many month, decide a science and technology of a few heavyweight like Facebook and cereal song classify another industry.
Last week 5, US stock whole clinchs a deal the quantity magnified suddenly one times, greatly because 500 indexes adjust coming mark general,this is. a Zhou Yi, this one change is about to carry out.
Science and technology upheaval, this second adjust after all what to change?
Mark general 500 it is famous United States large a fiducial index, use as extensively the level that measures American stock performance.
Total nowadays market prise reached 24.16 trillion dollar, occupy the 80 ％ left and right sides of market prise of American stock market. This second mark general the adjustment with 500 the mainest indexes, it is will original telecommunication board piece rechristen takes Wu board for communication piece, and mark general 16 blame of 500 indexes need consumable board piece stock and board of 6 science and technology piece turn the stock moves to this new category.
Among them, board of science and technology piece Alphabet of medium cereal song parent company, Facebook, move inspect report of blizzard, United States art (EA) wait for company general move to serve to communication with Take Two board piece. And rather than is indispensible consumable board piece in, dishini, Kangkasite, Nai flies, push special and Colombian Broadcasting Corporation (CBS) change communication to service board piece.
According to the standard of global classification of occupation after recombining, facebook and Alphabet of cereal song parent company regard heavyweight as science and technology, science and technology of information of general of mark be givinged by move board piece (Information Technology) , be corresponded to take Wu board by range piece. Specific and character, the communication after recombining takes Wu board piece will include integrated telecommunication Wu of be convinced of service, radio, publish, entertainment of family of the film and recreation, seesaw pattern and seesaw pattern media and service this a few large categories.
Malic company still will is in by reservation IT board piece, and weight will rise from 17 ％ to 22 ％ , and Microsoft is in board of science and technology piece specific gravity will rise to 16 ％ from current 13 ％ , and as Facebook and Gu Ge of company of these two heavyweight transfer, information science and technology board piece in mark general the weight in 500 indexes will drop from 25 ％ to 20 ％ .
According to CNBC estimation, after changing, cereal song parent company takes Wu board in communication piece weight will achieve 25.8 ％ , facebook is 18.4 ％ , these two tycoons will occupy communication to take Wu board piece 44.2 ％ ; Calculate on Kangkasite and traditional tycoon Dishini, these 4 companies are in new edition piece occupy than will achieving 52 ％ ; In addition, move inspect art report of blizzard and United States to be mixed for 4.5 ％ respectively 4.2 ％ . New board piece in, the weight of before 9 big companies will achieve 77 ％ , mark general 500 science and technology board piece former the proportion of 26 ％ drops to be controlled to 20 ％ .
General of 10 years of mark 500 oxen city, science and technology into absolutely impetus
In experienced financial crisis after the most serious hour, mark general shows Ceng Yi is spent 500 times touch 666.79 bits dish in low, after this this index rebounds all the way, be in last week 5, this index touchs the history of 2928 bits of upper part is new tall, a more than 330 ％ go up during. The start of city of ox of this round of US stock begins on March 9, 2009, exchange a word for, exceeded 10 years of time, 500 indexes are in mark general in ascendant passageway.
Since 1980, 500 dropping a particular year have mark general 8 times only, and among them only 2000 appear to 2002 successive 3 years drop, of other time dropped to maintain a year merely, these 8 in still included dropped with the 2 ％ less than 2015 1994. Breath out Sa Wei's annals according to Bai Kexi Er in fact, in 53 years of in the past, mark general 500 indexes (include share out bonus to lead) appeared 11 years only deficit, profitable scale is close to 80 ％ , among them index year change yield to be in 9.7 ％ , scan widely whole world is the market with extremely high yield.
Put time line the cycle that grows to look, mark general 11 minutes big an index is medium, be not indispensible consumable, IT, healthy health care is 3 go up greatly the biggest board piece, accumulative total goes up reach 170 ％ for 263 ％ , 242 ％ respectively. And new city of ox of round of 10 years of US stocks is main by science and technology drive and become, board of science and technology piece the general that it is mark of 500 go up a force that contributed 22 ％ , only a company contributed the apple 4.1 ％ . 2018 up to now, mark general 500 rose again 7.08 ％ , among them Yamaxun, Microsoft, apple, Nai flew to companies of these science and technology to contribute 40 ％ .
The basis is rich the tripartite data that amounts to investment group cite, be in more fractionize board piece in, internet and catalog are retail, internet software reachs a service, technical hardware, memory and peripheral equipment, supplier of healthy health care reachs a service, professional and retail it is before 5 big accumulative total go up the biggest board piece, go up 10 years differ to 1918 ％ in 284 ％ . The star science and technology such as parent company of song of Facebook, apple, Yamaxun, cereal, Alphabet, Microsoft share price achieves a history this year new tall.
Look from global angle, since this year science and technology it is the main force that makes American stock market outstanding more, we can be compared, science and technology medium bibcock Yamaxun goes up amount to 50 ％ for a time, and with main science and technology blue prepare a FANG+ index that is composition to go up also amount to 30 ％ , ordinal come down mark general 500 indexes science and technology board piece go up a 10 ％ , and mark general 500 indexes rise in 1.67 ％ . And MSCI whole world is not beautiful market index, half an year comes down to drop exceeded 5 ％ , it seems that global stock market is in for the most part besides the US stock drop.
De Huaier of analyst of Canaccord Genuity LLC (Tony Dwyer) write civil think, "Go up in the US stock in the process, any halt should regard an opportunity as. Without doubt, sino-US between potential trade war and yield of debt of 10 years of period beauty go up again defeat 3 ％ to will bring about market fluctuation to rise, but look from main area, these setting can regard an US stock as the opportunity that rise, although contain particular risk. Although contain particular risk..
De Huaier is opposite the US stock is very hopeful, greatly reason of face of profit from tripartite:
Firstly, the backside that rises all the way in the US stock, american economy also restores continuously from inside financial crisis stage by stage. This year 2 quarters, american GDP compared to the same period amplitude achieves 4.1 ％ , add fast achieve nearly 4 years to come the fastest.
Secondly, to answer financial crisis, include beautiful couplet store inside the whole world is main the Central Bank carried fluidity regale to the market, lower interest reach roll out " quantify comfortable " wait for policy, supported asset value thereby.
Thirdly, the US stock appears on the market the main area with company outstanding oneself also is one of bovine city's indispensable main factors. According to the data before research firm Factset is early, the mixture gain of more than 24 ％ compared to the same period amplitude is achieved since 2010 optimal expression.
If cast,open all sorts of disturbing actually, look from larger scale, the US stock goes 100 old in go situation is OK whole regards a big long ox as. The force that urges city of this big ox is the mankind entered period of civilization of science and technology, and at present this round of ox city that is dominant with Internet technology is civilization of this science and technology the one annulus in the times. Science and technology strong, depending on its powerful growing sex, and used globalization trend adequately reflect.
Mark general 500 indexes are fluctuant rear, global economy structure is transitional
Adjust to what make this, reuter thinks, this reflected science and technology, media and the development change that consume an industry. Mark general is written in the report, "These adjust measure is to be below GICS frame, the confluence that admitted firm of Internet of communication, media, part and they offer the coincide of the service. " in fact, this is not mark general to be adjusted of 500 indexes for the first time. Review past history, every other 10 years, before mark general 10 large part can appear a few change, and this often also is mixed the change of economic structure and when all is entered.
1957 mark general when 500 indexes just are born, at that time form occupy than be: 85 ％ industry board piece, 10 ％ public utility board piece, 5 ％ railroad board piece. After we know World War II ends, the United States is a few industry makes the state that did not get a war to destroy. Manufacturing industry is natural also became the main source that American economy grows at that time.
Arrived 1976, financial board piece come out independently for the first time, traffic is carried board piece also come out independently from inside railroad. General of that moment mark 500 in forming, industry still is occupied than 86 ％ , the public utility of 6.5 ％ is later, the finance of 6.1 ％ and the traffic of 1.6 ％ are carried. Bubble of Internet of the consumable ox city that infantile tide drives and first time is round later.
Arrived then 2001, 500 indexes refine mark general further: Finance and IT are occupied severally than 18 ％ , medical treatment is occupied than 14 ％ , optional consumption is occupied than 13 ％ , industry is occupied than 11 ％ , daily consumption is occupied than 8.2 ％ , telecommunication is occupied than 5.5 ％ , other include raw material, the sources of energy, and public utility. End by 2016, the 20.8 ％ in the market prise of 500 come from mark general at IT, 14.8 ％ come from at finance, 13.6 ％ come from serve at medical treatment, 12 ％ come from at optional consumption, 10.3 ％ come from at industry, 9.4 ％ come from Yu Bixuan to consume, finally 7.6 ％ the sources of energy, 3.2 ％ public utility, 2.9 ％ estate, 2.8 ％ raw material and 2.7 ％ communication.
In May 2018, mark general 10 authority weigh 500 indexes a total market prise for 6 trillion dollar. 10 power over major issues are heavy 5 are IT company, 1 is optional consumption, 1 is Medical Protection industry, among them malic company, Microsoft, Yamaxun, FACEBOOK, Gu Ge company that has become world-class.
Mark general 500 indexes make change in what go 50 years, reacted ceaselessly the change of economic structure, this is with when the index that all takes. And from mark general the industry changes of 500 indexes can see, it is new economy industry of the representing with IT, as the development of actual strength of science and technology of a country, in economy of the Red Sea, hold more and more significant position.
After the index is adjusted, city of US stock ox will what course to follow?
After adjusting, US stock will what course to follow, this is a thing that a lot of investor care probably. To this second adjust, the mind of Lai of shellfish of tycoon of 3 big fund with the greatest whole world, path rich, pioneer shows already ready-made, they predict to be in future 3 two months, the market can react somewhat, for instance capital may pour out of traditional mark general 500 science and technology board piece exponential fund or ETF, a few composition that carry away this after all also be among them outstanding member.
And lucky silver expresses, predict new classification won't be right of industry of science and technology trade produce major effect, it is clear to explain already because of mark general and MSCI, market personage also planned time of a few months for this, and since this year, FAANG is right the consequence of 500 indexes of standard general Er already somewhat subsidise. According to Peng rich data, facebook, Yamaxun, Nai flies and the parent company Alphabet of cereal song is in the 3rd quarter contributed 500 indexes of standard general Er to go up 2018 2.9 ％ , and the 2nd quarter when, their contributive extent is 42 ％ .
A lot of investor and market strategy division show, technology, blame needs consumable is mixed communication board piece the main science and technology between adjust, won't solve company of old science and technology the force issue in the market. Nevertheless this will produce major effect to investor. The Mi Sila of graceful · of Buddhist nun of ETF research chief inspector of Zacks Investment Research (Neena Mishra) express, "To investor character, understand the investment combination that affects them board piece new classification is very important, because investor is current,the bourse of hold trades fund (ETF) the investment goal that fits them possibly no longer. Because investor is current,the bourse of hold trades fund (ETF) the investment goal that fits them possibly no longer..
According to the research of PWC, the dimensions of ETF of global index fund arrived from the 1.46 trillion growth 2010 2.96 trillion by 2015, lustrum dimensions soared 102 ％ . And fall in the big trend of ETF, more and more traditional and active capital fund run a company, insurance company, the bank rolled out exponential fund product.
The exponential fund that at present American market trades amounts to 1944 (end in November 2016) , 1560 hand in place to trade in button only, the dimensions dimensions of exponential fund exceeds 2.2 trillion, odd-numbered days trades the quantity exceeds 90 billion dollar. Investor traded one year in the past in American market 18.2 trillion index fund. 2016, american index fund trades the quantity occupied entire market to trade the 30 ％ of the quantity. In November 2016, the United States trades in the most active breed, before 10 have 6 to come from greatly at exponential fund, the most arrogant of course is 500ETF of famous SPDR mark general, everyday changed a hand to exceed 100 million.
Complete beauty had the capital of 490 billion dollar to flow into exponential fund last year, and reduced 70 billion dollar to developing the scale of fund. The integral dimensions of global index fund exceeded 3.5 trillion dollar today, had exceeded 3 trillion dollar to be opposite the integral dimensions of strong fund. From the point of afore-mentioned data, mark general 500 indexes reframe, certainly will will is opposite dog these board piece ETF is having very big effect. Go 10 years, passive investment presents explosion to rise situation, the passive fund that tracks each industries is in short-term inside, as the reforming that invests combination, the market predicts meeting occurrence wave motion.
A lot of investor think American ox city will continue to 2020, but the market is full of all sorts of pessimism however nowadays. Facebook and Netflix are after Lu of slippery iron of experience of newspaper of money of the 2nd quarter, be in defensive all the time. Gu Ge achieved the history on July 27 new tall hind, ceaseless downward slow private parts drops. Yamaxun also splits -727379968 dollars in market prise hind, jump quickly sky is low, investor begins to worry about Yamaxun cloud computation can encounter the concussion that comes from Microsoft; Break through 1.1 trillion dollar in what achieve the history as to the apple hind, suffer mix tiredly at custom duty of 200 billion dollar innovation of lack of IPhone new machine begins to lose.
Exchange a word for, US stock this round rise the strongest motivation FANNG, bottleneck encounters on certain nowadays level. Apply mechanically rides an old saying, "Instantly of US stock market this kind of bibcock cease all activities, index, rubbish the picture of gallinaceous dog be raised to the skies, in December 2007, the A May 2015 also had appeared on the body. The US stock is achieved new tall, my viewpoint is changeless: Not be not to sign up for, moment did not arrive. Moment did not arrive..
Season of coming Q3 money newspaper will be city of US stock ox whether continue retentive touchstone, once cannot continue to exceed,anticipate, cannot satisfy the investor expectation to fast growth, the inflection point of city of ox of so probable US stock will appear.
