Happy weekend! Looking at this, I know everyone is in a good mood. That's good! However, it also reminds me, what about Hong Kong stocks? It's not that there are no good stocks in Hong Kong, but it's really hard to pick the right ones. So, US stocks are still the best investment choice. Sigh... Starting from last June, I continuously reduced my heavy holdings in Tencent (sold at an average price of around 570-580), and then switched all positions to assets related to US stock composite indices. Currently, there's a floating profit of 25%. Still happy.
Conglomerates Index
0000083,404.821.05% ( -36.21 )
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The S&P 500 aggregate index is now trading at 23x forward earnings.
This means if you buy the index today, you’re paying $23 for every $1 of expected earnings, a valuation driven heavily by mega-cap tech.Meanwhile, the equal-weight index trades at just 17x.Here, every stock in the S&P 500 counts the same, so it strips out the dominance of the largest companies.The gap shows how concentrated the market has become: mega-caps are inflating the aggregate multiple, while the “average stock” looks much closer to long-term historical levels.So the real question: is the premium on Big Tech sustainable, or does the market need to cool off?Source: StockMarket.News
