The strategist, bullish on bonds, warns of fading tech mega-caps' dominance with any economic slowdown, foreseeing a shift towards overlooked stocks. Recent data on an 'ill' global economy raises concerns, hinting at a potential downfall for big tech shares.
Despite recent drops in tech stocks and fears over AI investments, the belief in a 'healthy' correction prevails as Nasdaq remains above critical levels. BofA's indicator suggests a possibility of a sell signal if fund managers' allocations rise, cash levels drop, and laggards rally, signifying market improvement.
[
Collection
]
[
|
...
]