A huge “market top†indicator just flashed for the stock market yesterday.
I mean, it was momentous — something not seen in 17 years. A press release was sent out. News stories were written. Did you catch the news?
Don’t worry if you didn’t. On the face of it, the announcement was a snoozer…
In a nutshell, since 1999, the hundreds of companies that make up the S&P 500 Index have been classified into 10 official investment sectors — financials, technology, health care, etc.
The big news yesterday? The folks who oversee all these meticulous classifications at Standard & Poor’s introduced an 11th sector: real estate investment trusts (REITs).
I mean, it was momentous — something not seen in 17 years. A press release was sent out. News stories were written. Did you catch the news?
Don’t worry if you didn’t. On the face of it, the announcement was a snoozer…
In a nutshell, since 1999, the hundreds of companies that make up the S&P 500 Index have been classified into 10 official investment sectors — financials, technology, health care, etc.
The big news yesterday? The folks who oversee all these meticulous classifications at Standard & Poor’s introduced an 11th sector: real estate investment trusts (REITs).