What is needed for the end of tech stock domination is one bad employment data - BoFA
2024/7/26 20:57 JST (some excerpts)
Is it likely that the momentum of large technology stocks will decline further if the US economy continues to slow
If the range of rising stocks expands, a contrarian selling signal will also light up
Bank of America (BoFA) strategist Michael Hartnett pointed out that if the US economy continues to slow down, there is a possibility that the momentum of large technology stocks will decline further.
He is bullish on bonds in the latter half of 2024, but he expressed the view that if signs of economic deceleration were visible, rotation to stocks receiving dust (kojin) from expensive large high-tech stocks would progress.
Is it likely that the momentum of large technology stocks will decline further if the US economy continues to slow
If the range of rising stocks expands, a contrarian selling signal will also light up
Bank of America (BoFA) strategist Michael Hartnett pointed out that if the US economy continues to slow down, there is a possibility that the momentum of large technology stocks will decline further.
He is bullish on bonds in the latter half of 2024, but he expressed the view that if signs of economic deceleration were visible, rotation to stocks receiving dust (kojin) from expensive large high-tech stocks would progress.
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