The great American digital shift? Big tech has been a key driver of US stock valuations

Deep Dive into US equities

clock • 3 min read
Leslie Alba of Morningstar Investment Management Europe
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Leslie Alba of Morningstar Investment Management Europe

Looking back over the past year, uncertainty around both the impact and duration of the coronavirus pandemic weighed greatly on global value stocks, which include many cyclical companies such as those in the energy and financials sector with earnings closely tied to the economy.

Meanwhile, some of the growthier names such as Amazon and Netflix benefitted from lockdowns around the world. As uncertainty wanes, cyclical stocks are making a comeback. Globally, we are seeing some...

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