Bank of America warn that a drop in US tech stocks could be the next "pain trade"Bloomberg (gated) citing a note from analysts at Bank of America:
- the outperformance of value over growth stocks as market breadth improves could be the next "pain trade" for investors
- also warn of an outright drop in US equities and a widening in investment-grade bond spreads
Info comes via a Bloomberg report.
Late last week Goldman Sachs warned of the concentration of gains amongst the Magnificent Seven (really the Magnificent One ... NVDA)
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Bank of America warn that a drop in US tech stocks could be the next "pain trade" (https://www.forexlive.com/news/bank-of-america-warn-that-a-drop-in-us-tech-stocks-could-be-the-next-pain-trade-20240602/)
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