1990s
2000s
2010s
When we look back through stock market history, we find each decade had an underlying secular change that drove outsized individual stock performance.
Recent examples include:
1990s
Buildout of the internet, driving strong returns for tech and telecom stocks.
2000s
China’s rapid industrialization, driving strong returns for commodity stocks.
2010s
Emergence of smartphones and cloud computing, driving strong returns for large tech stocks.
