Obviously, it is good to be at Tech this year. Banks, not so much.
This is evidenced in this tweet by Will Hershey, CEO and co-founder of Roundhill Investments, who excluded the biggest market cap winners and losers in the stock market so far this year.
As you can see, JPMorgan Chase JPM,
Wells Fargo WFC,
Bank of America BAC,
And Exxon Mobil XOM,
The only companies are tougher than Warren Buffett’s Berkshire Hathaway BRK.A,
This year in the public market.
On the flip side, perhaps, Amazon AMZN,
And Google original alphabet GOOG,
Led as top performers among US stocks.
It doesn’t help, of course, that Buffett has been invested in the aforementioned banks, although his large stake in Apple has certainly buffered Berkshire somewhat through this difficult stretch.
Berkshire shares are down more than 16% so far this year, while Tesla, at the top, has lost nearly 300%. Here’s how Berkshire’s stock performance stacked up against the tech giant’s:
Buffett is feeling the heat from critics who have called for a value-investing masterpiece to collapse their airline positions and disappear the rebound, sitting on some $ 137 billion in cash. He recently put some cash into play, closing Dominion Energy’s $ 10 billion deal for D,
Natural Gas Property.
Read: Why Buffett is ‘ready to look like an idiot in the short term’
There are indications to suggest that the dominance of the technique may change the trend. Last week, Megacap Tech names lowered the old guard, with DOS beating the Nasdaq Composite by more than 3 percentage points, according to Dow Jones market data. .
Read:Is ‘great rotation’ going on in the stock market as a surge in coronovirus cases? Or is it a false morning? Experts here believe
As it stands now, the stock market stuck to a neutral start in Monday’s trading session, with the Dow Jones Industrial Average DJIA,
The S&P 500 SPX runs as low as both,
And tech-heavy Nasdaq comps,
Been a little positive.