The Exchange Traded Fund, FDN, A Great Proxy For The Equity Markets

Roughly one-quarter of the S&P 500’s (^GSPC) 15% gain so far this year comes from five high-profile stocks: Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL) and Facebook (FB).“S&P 500 returns over the next 3-5 years are inextricably linked to the performance of the Tech sector and especially those 5 names,” wrote Nick Colas, co-founder of DataTrek Research in a note to clients on Tuesday.While the aforementioned five stocks are powerful for the broader market, one in particular has been taking on extra importance in recent weeks: Microsoft.  The stock has hit multiple record highs recently and has a market

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