Bloomberg Intelligence's 'Equity Market Minute' 10/29/2020

Gina Martin Adams from Bloomberg Intelligence discusses recent trends in the equity market, focusing on the derating of tech stocks relative to the S&P 500. Despite high valuations, tech stocks face pressure due to expected lower earnings growth compared to the broader market. The tech sector's premium pricing, even excluding giants like Microsoft and Apple, is highlighted. The forecast for 2021 suggests a significant earnings growth differential, with the S&P 500 expected to outperform the tech sector, potentially impacting tech stock valuations.

What has been the trend of Xbox in relation to the S&P 500 since early September?

How do valuations for tech stocks compare to the S&P 500, including and excluding Microsoft and Apple?

What changes are anticipated in the earnings growth of tech stocks going into 2021?

What factors are contributing to the premium pricing of tech stocks?

What is the expected EPS growth for the US tech sector compared to the S&P 500?