Tech market concentration is the main market issue: Strategist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 63%

Morgan Stanley News

Aaron Dunn,Market Outlook,Tech Companies

Equity markets (^DJI, ^IXIC, ^GSPC) are recovering following a three-day plummet driven by recession fears. The tech sector bore the brunt of the downturn...

The tech sector bore the brunt of the downturn, with mega-cap tech companies losing about $1 trillion in value over this period. Morgan Stanley senior equity portfolio manager Aaron Dunn joins Morning Brief to share his market outlook.

And what that means is when you get really highly volatile tech stocks that account for that much of the benchmark, the downside, um you know, volatility will, will occur and we've had no 10% Pullbacks along the way here. We always advocate a balanced sort of approach to the market in some ways and timing the market is extremely difficult.

Yeah, the one thing we don't know about is, you know, the, the thing that always unravels many of these, these rallies is leverage, right?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Scotia strategist sees a ‘swift rotation out of tech’, water stocks and rising geopolitical riskDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »