ACCOUNTABLE UPDATE
"See Through"
How can bleak economic reports about sickness, death, record unemployment and business failures be accompanied by a positive surge in the stock market? The last few weeks have produced many examples of the oftentimes stark contrast between stock market performance and economic indicators. So why the apparent disconnect?
Did you know that if you had owned Facebook, Amazon, Apple, Netflix, and Google, also collectively referred to as FAANGs, during the decade ending in 2018, you would have more than doubled the return of the broad stock market? While that may be surprising to some, what is even more interesting is that it isn’t uncommon for a small number of stocks to drive a large portion of the overall market return. See more in this month’s Issue Brief from DFA, How Markets Work and the FAANG Mentality.
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