There’s a well-established bubble in the tech sector, but it’s not in the well-known FAAMNG club. Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Netflix (NFLX) and Google (GOOG) have buoyed the market amid the coronavirus health pandemic and economic crisis.
But the bubble isn’t brewing in the mega-cap names, according to Andrew Slimmon, a managing director and senior portfolio manager at Morgan Stanley.
“The key difference between 2000 and today is that in 2000, the…
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