Markets love drama… from the next corupto-coin exchange to collapse, rising interest rate threats, and riots in China in the face of a Covid meltdown. But drama and reality seldom coincide – events are more prosaic!
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?