A Stable Platform?
Conglomerate_Boom
Conglomerate_Boom
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The <strong>Platform</strong> Boom – Bust Cycle<br />
Since March 2009, the <strong>Platform</strong> Boom Index surged almost 1,000% during a period when the S&P 500 Index rose 215%. Since July 20, 2015,<br />
the <strong>Platform</strong> Boom Index has plummeted 24%.<br />
<strong>Platform</strong> Boom Index vs. S&P 500 Index<br />
MARCH 9, 2009 – OCTOBER 15, 2015<br />
1100<br />
1000<br />
<strong>Platform</strong> Boom Index<br />
S&P 500 Index<br />
900<br />
800<br />
700<br />
600<br />
[24%]<br />
?<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
2010 2011 2012 2013 2014 2015 2016<br />
Source: Bloomberg, JHL research.<br />
Strictly confidential. Not for public distribution. © 2015 JHL Capital Group LLC. All rights reserved. 23