Apparent rotation out of Technology shares continues

Apparent rotation out of Technology shares continues

Apparent rotation out of Technology shares continues

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Stocks in UK and Europe have had a muted open this morning following a strong showing on Monday which was largely due to the passing of Joe Biden’s $1.9 trillion stimulus package in the US Senate on Saturday. The bill could be brought to the House for approval as early as today. The technology-heavy Nasdaq was a clear laggard on Monday as the apparent rotation from growth to value stocks continues.

Manic speculation for Gamestop earlier in the year, which caused all sorts of problems for hedge funds, seems to have taken off again with the shares up more than 40% on Monday.

Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

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