BofA sees "trouble" ahead for tech stocks despite big inflows

Strategists at BofA Global Research predict trouble for technology stocks in the second half of the year despite the sector's recent large inflows, pointing to the correlation between central bank liquidity and the Nasdaq Composite, which has outperformed by 28% this year, as evidence.

reuters.com

Relevant topic timeline:

8/25/2023

BofA sees "trouble" ahead for tech stocks despite big inflows

Tech stocks may face challenges in the second half of the year despite recent inflows, as central bank liquidity decreases and investors shift from equities to bonds.

8/25/2023

Tech stock rally faces 'trouble' as tightening by central banks overshadows AI, says BofA

Investors expecting a continued surge in technology stocks due to enthusiasm over artificial intelligence may face trouble as central banks tighten monetary policy, according to Bank of America strategists. The correlation between central bank liquidity and tech stocks is a cause for concern, as central bank balance sheets have shrunk while the Nasdaq continues to climb, indicating potential risks ahead.

8/21/2023

Nasdaq snaps 4-day losing streak, tech shares rise despite higher yields

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9/7/2023

Crypto Could Be Among the Worst-Performing Assets in Coming Years, Warns Nicholas Merten – Here’s Why - The Daily Hodl

Big tech stocks and cryptocurrencies, including Bitcoin, may underperform in the coming years due to contracting market liquidity and the Federal Reserve's hawkish policies, according to crypto analyst Nicholas Merten.

9/8/2023

BofA Upgrades Gilead Sciences, Says Stock Undervalued Given HIV Franchise Strength and Pipeline Upside

BofA analysts believe Gilead Sciences stock is undervalued and oversold, with more potential than investors realize.

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Posted 8/25/2023, 4:21:00 PM

BofA sees "trouble" ahead for tech stocks despite big inflows

reuters.com

Relevant topic timeline:

8/25/2023

BofA sees "trouble" ahead for tech stocks despite big inflows

Tech stocks may face challenges in the second half of the year despite recent inflows, as central bank liquidity decreases and investors shift from equities to bonds.

8/25/2023

Tech stock rally faces 'trouble' as tightening by central banks overshadows AI, says BofA

8/21/2023

Nasdaq snaps 4-day losing streak, tech shares rise despite higher yields

9/7/2023

Crypto Could Be Among the Worst-Performing Assets in Coming Years, Warns Nicholas Merten – Here’s Why - The Daily Hodl

9/8/2023

BofA Upgrades Gilead Sciences, Says Stock Undervalued Given HIV Franchise Strength and Pipeline Upside

BofA analysts believe Gilead Sciences stock is undervalued and oversold, with more potential than investors realize.