Mark Haefele, chief investment officer at UBS Global Wealth Management, says high-growth tech stocks are unlikely to lead the market in the next phase of its recovery.
According to Mark Haefele, chief investment officer at UBS Global Wealth Management, that could leave tech especially vulnerable. Exposure to long term trends and strong product portfolios are keys, he added. He's also optimistic about the prospects for greener technology in Europe based on the"We expect significant implications for most sectors, especially power generation, transport, industry, and building ," Haefele said.Haefele is still optimistic about stocks in general, and is telling investors to look outside of tech as well.
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