The news of big Tech’s death has been greatly exaggerated

Big Tech is alive and well


MSFT (I hold it)

GOOGL (I don’t hold it)


AMD (I hold it)


AAPL (I hold it)


And so on…

Nobody knows the future, but as of today these Tech captains are fine. And it’s not just them. The Healthcare sectors are okay too. The market has recently rotated from the reflationary stuff to the steadier stuff that is not dependent upon reflation.

Check out Materials, Banks/Financials and Energy among others that have gotten dinged lately along with yields. There is no indication of the end of the reflation, but it is on a breather. Meanwhile, as if a game of Whack-A-Mole, the items above popped their heads back up.

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