REYNALDO C. LUGTU, JR.
“The S&P 500 death rate is rising”, CLSA investment strategist Damian Kestel said in 2017. “A period of relative stability is ending. An increasing number of corporate leaders will lose control of their firm’s future.” This has never been as true as it is now. The length of time large-cap stocks have spent in the benchmark index has been declining, from 33 years on average in 1985 to 20 years as of 1990. This will get even shorter in the future, shrinking to 14 years by 2026, according to forecasts.