Stock market crash? No, but a rotation away from U.S. tech stocks is shaking up some investors

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Is the stock market crashing? No, but it is rotating away from U.S. tech stocks

Social media to the contrary, the stock market remains far from “crash” territory, as anyone with a working memory of last March’s pandemic-inspired selloff, much less the global financial crisis of 2008, the dot-com bubble burst in 2000, or October 1987, would recall.

The question investors should ask before tripping the alarm bells, however, is whether the price action is surprising or out of the ordinary, Brad McMillan, chief investment officer at Commonwealth Financial Network, told MarketWatch in a phone interview. Thursday’s market weakness echoed the wobble seen last week. Both bouts of selling were sparked by a selloff in the Treasury bond market, which pushed up yields. The yield on the 10-year Treasury note TMUBMUSD10Y, 1.538%, which last week spiked to a more-than-one-year high at 1.6%, pushed back above 1.5% on Thursday.

Investors appear to be taking profits on those highfliers and using the proceeds to buy stocks of companies in sectors more sensitive to the economic cycle. The outsize weighting of tech- and tech-related shares in major indexes can leave them vulnerable to weakness as that process takes hold. “Rather than a market top, we think this is rotational in nature with limited downside and going forward we want to be overweight high yield winners like banks and energy as there is likely further outperformance in these groups to come,” Dempter wrote.

 

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Why are you saying this? Is it because people are going to cash faster than greased lightning?

Such crap. If the tech stocks are slumping, what justification is there for any other stocks to rise. There are no other growth industries.

Biden has lost more jobs in 1st month then gained after opening up the country. We should be getting back to where we were LY at this time. But he will convince you it can't be done Name a job Biden has created? Hell he even took a job away from the guy putting a log on the fire

that's BS. it's crashing

stockmarketcrash2021

Marketwatch, scion of Murdoch, sister of WSJ, Realtor. com, and News America Marketing- Your marketing is our business, gets paid to sugarcoat this shit, and they want you to pay them for their shit. Don't be a sucker for Murdoch's Wall Street sugarshit.

You should have said that two weeks ago. The profit taking is about done, watch tech explode again

thanks

Pass trillions in spending and promise even more this is what happens. The housing market will drop next do to rising rates. High unemployment especially with minorities and Biden stops funding on wall causing illegals to line up to come here. And it’s only been 2 months.

DJI = down 1.5% Nasdaq = down 2.5% SPX = down 1.75% RUT = down 3.15% This is not a rotation lol....

$PLTR is green which is all that matters.

No... it’s a crash

Every sector is red...

Who wrote this? Jay Powell?

'stock market crash? no' we'll see how well this tweet ages

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