Tech stocks have made big V-shaped rebounds five times in 30 months — and now Deutsche Bank forecasts another bounce
Summary
Tech stocks have experienced five major V-shaped recoveries over the past thirty months. Deutsche Bank anticipates another rebound for the sector, noting that current investor positioning points to slower earnings growth than what companies are actually delivering.
Positioning among equity investors in tech stocks is consistent with much slower earnings growth than the sector is achieving. Deutsche Bank thinks it’s time to go overweight once again as the risk-reward profile favors a sector that is suddenly out of fashion.
Source: Read the full story at MarketWatch.com - Top Stories
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