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It Can’t Last. Right?
As everyone now knows, but failed to notice for most of the year, the Nasdaq has been on fire, in a good way. Lately the high beta names, your cloud software stocks and so forth, have also joined the party.
This must end soon, right? Because stocks are up so much and, you know, the economy and all.
Today we saw the first sustained selloff in the Nasdaq for some time. And the Dow and the Russell were up.
Is the rotation out of tech starting and, if so, what ought investors do about it?
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Cestrian Capital Research, Inc - 7 June 2023.