Tech market concentration is the main market issue: Strategist

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Morgan Stanley Notizia

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?

 

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