Following often non-logical trading months, the S&P 500 index is flat for the year. Driven by heavily weighted stocks, two-thrids of the S&P 500 stocks were trading 87% to 67% below their 52-week highs as of November 23. In this difficult time however, Amazon.com Inc (AMZN) was up 112%, Microsoft Corp (MSFT) +15%, General Electric Co (GE) +20%, Facebook Inc (FB) +37%, and JP Morgan Chase & Co (JPM) +8%. If one had equally weighted all the stocks in the index, it would have been down -1.9%.
Investing in advanced economies today is ever more important in sectors of transportation, defense, urban infrastructure, agriculture, and healthcare in addition to the production and exploration of oil, natural resources and raw materials. The technology sector is leading most countries’ production and export-to-import growth ratios in times of stunning innovations, such as the Android and ecosystems’ access to online data and communications. The biotechnology sector continues to require investors’ greater patience and the pay-offs are strong.
Microsoft introduced a laptop-tablet hybrid named the Surface Book shrinking its display and extending battery lifetime. The company’s first compatible Windows 10 smart phones are now sold as well. Users can plug the devices to an adaptor that connects to their desktop monitor and lets them view the phone like a regular PC. Also, the cameras feature a 20-megapixel rear screen for optical image stabilization.