Via CNBC, here are Deutsche Bank’s thoughts on the additional losses that still lie ahead for large-cap tech stocks:
- The shift from big tech to small cap companies that has occurred will be more than just a short-term glitch.
- The market still has a lot of optimism in mind about the growth areas in the market that have driven most of the rally.
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Overall stock position remains high.
- Sharp cycles of concentration and flows away from (growth giants) and technology to other sectors and smaller companies, these have a lot of legs to run in the medium term.
- “MCG & Tech’s position remains consistent with continued very strong earnings growth and upgrades while we see a slowdown as growth returns to the trend rate of the past two decades.”
This article was written by Eamonn Sheridan on www.forexlive.com.
