The Bank of America chart above shows that being long US tech stocks is the most crowded trade in the market right now — something that shouldn't come as a surprise to anyone. After all, for the majority of the past decade, tech titans have led gains in major indexes, aided by explosive profit growth and stellar future prospects.
But, as history as shown, the more crowded a trade gets, the sharper the eventual comeuppance can be. Bank of America realizes the current situation puts US tech in a vulnerable spot, so they've suggested three hedges against an eventual decline.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nikola plummets 21% after company files to sell 24 million shares - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Pump and dump
Source: BusinessInsider - 🏆 729. / 51 Read more »
Real estate investing strategy, subdividing large lots: Leka Devatha - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The 25 best US companies for Black, Indigenous, and employees of color in 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Disney reportedly slashes Facebook ad spend amid big-business boycott - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Not because they don’t like facebook, but because they’re cutting costs... Thank you Disney FB is crap you don't need and propaganda you don't want. Are they boycotting it just cutting budgets?
Source: BusinessInsider - 🏆 729. / 51 Read more »
6 ways to develop devoted customers and strengthen brand loyalty for your small business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The 11 best coastal cities to live in after the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Maine is boringggggg. You would lose your mind living there idk how that’s 1 Why the fuck they all usa?
Source: BusinessInsider - 🏆 729. / 51 Read more »