In this episode of Behind the Markets, ECM's Chief Investment Strategist, Andrew Stewart, discusses the 2018 sector re-classifications that will shift names like Google, Disney, and Comcast out of one sector and into another.
New Sector Changes Could Cause Volatility in the Market
Reuters
ECM's Chief Investment Strategist, Andrew Stewartdiscusses the GICS decision to reclassify sectors and warns of the impact on the average investor. Stewart is quoted, “But I don’t think their systems are built to pay attention to the needs of Jane Doe’s retirement plan.”
Mike Reid, Partner at Exchange Capital Management, discusses his doubts about the future of electric, hybrid, or plug-in car models as he states, “I’m just not sold on the reliability of the technology at this point.”
Founder of Exchange Capital Management, Mike Reid, discovers that close to a million dollars was missing from the Ann Arbor Hockey Association. He discusses the importance of reviewing all financial statements and making them public knowledge to fight against fraud for youth sports programs.
Andrew Stewartcomments on how the market value of Tesla has passed Ford: “It’s almost like Tesla is positioned in people’s minds as an energy storage company that happens to put most of its batteries on wheels.”
