Re:Apple becomes first U.S. company to reach a $2T market cap
by epistasis on Wednesday August 19, 2020 @12:05PM
(#24211921)
Is ETF investing driving the current inflated prices? I wouldn't doubt it, but hadn't seen data.
It's also important to note that different sectors are getting hit in different ways. Renewables up, oil majors down. Tech way up. So if total-market ETFs are pumping in money, they are just inflating overall valuations, and investors are the ones deciding which sectors and companies are winning or losing. Or if it's market segment ETFs, that would also be an interesting story.
It's also important to note that different sectors are getting hit in different ways. Renewables up, oil majors down. Tech way up. So if total-market ETFs are pumping in money, they are just inflating overall valuations, and investors are the ones deciding which sectors and companies are winning or losing. Or if it's market segment ETFs, that would also be an interesting story.