“Sector investing won’t be the same, either, after the unprecedented overhaul by S&P and MSCI of their Global Industry Classification System, or GICS, a widely used taxonomy that carves up the stock market into sectors, industry groups, industries, and subindustries. The biggest change: A new sector, communication services, is rising from the ashes of the telecommunication-services sector, which will go extinct. The communication sector will cherry-pick stocks from the tech, consumer-discretionary, and telecom bins. And it will be a biggie, the fourth-largest (tied with consumer discretionary) out of 11, behind information technology, health care, and financials. S&P plans to reconstitute its indexes after the market closes on Sept. 28. MSCI’s changes will go into effect on Dec. 3.”
http://ritholtz.com/2018/09/the-great-sp-sector-reshuffle/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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