Is the Rally in Tech Over?
Over the past couple of weeks, we have received questions about the rally in technology and whether it makes sense to participate. In this week’s update, we will review our thoughts on the surge in growth stocks, what we believe are the factors behind them, and how we think the rally impacts portfolio design. Also, we are going to travel back in time to 2001 in order to understand what the aftermath to that technology bubble may offer about the path forward this time around.
- After a violent short cover rally, we see many tech names are beginning to fade
- Interest rate expectations are creeping upward again
- We think energy is well set up if global consumption rebounds
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