A bounce back rally is underway – but its reactive, based on the hopes of “buy-the-dippers”, and the fundamentals haven’t changed. Many weakening Tech stocks are seeing their foundations exposed as built on sand.
Tech stocks have taken a thumping this year – a well-timed reality check or a threat to bring down the whole market? Probably time for a clean out of all the speculative, improbable and fantastical perpetual motion machines that beguiled IPO and SPAC investors during the easy money era. Reality bites and it’s time to get real..
What can David Attenborough’s Green Planet teach us about Tech Stocks, why they are overvalued, and why rising rates suggest the game is over?
The great rotation from tech stocks into value stocks has been the dominant market theme this year. Tech stocks still have their moments – and there are clearly new technologies with the potential to completely change and improve the world. However, the glamour that surrounds tech stocks is also a danger, leading us down wrong and wasteful paths.. Who else remembers Betamax?
