How much of the rise in stock prices in the first half of the year can be attributed to new technologies and how much to fundamentals?
The rise in the price of shares and other stocks has been fueled by a combination of new technologies such as artificial intelligence and machine learning, and rising interest rates, as well as a weak U.S. economy.
The tech-heavy gains in tech stocks have fueled a surge in stock markets and stocks have risen more than 20 percent this year.
The index of S&P 500 companies is up more than 70 percent.
The S&s have gained more than 2,400 points over the past two years.
“If you look at the S&p 500 index, it’s up 5,500 points this year and this year alone it’s been up 25,500, so it’s kind of the equivalent of the stock market doubling in size,” said Michael Pachter, chief investment officer at The Wall St. Journal.
Pachters said that as a rule, a stock’s performance is more related to the timing of a rally, rather than the fundamentals of the company.
The surge in tech shares has also boosted the value of the companies’ underlying assets.
“It is a great story because it’s so much higher than stocks in general, and there are more stocks in the economy,” Pachchers said.
The stock market has seen some of its best gains in a decade, rising about 12 percent in the last two months alone.
The U.K. S&ams S&apx Index of small-cap stocks is up 12 percent over the same period.
In the past six months, the S.&.;P 500 index has gained about 17 percent.
For investors looking for a way to diversify their portfolios, Pachts said they should start by looking at stocks that are in sectors that are not the high-tech sectors.
For example, technology stocks in industries such as semiconductors, software and services and medical devices are not high-growth.
The top-performing technology stocks include Amazon, Apple, Cisco Systems, eBay and Microsoft.
P.S.: For more on the tech-driven rise in tech, see our report from last year.