![]() The maker of enterprise asset-management. were the biggest gainers in the benchmark last month while banks were the key laggards. Shares of Aspen Technology ( AZPN 0.89) plunged as much as 30 on Thursday morning, as investors digested a disappointing third-quarter earnings report. ![]() strategists including Mislav Matejka also said tech “might not be a great place to position in structurally anymore.” The sector will stop strongly outperforming due to earnings risks, unattractive valuations and very high price relatives in the long-term context, leaving the strategists neutral.Ī slump in tech stocks could significantly impact markets after the sector was the key driver of the S&P 500 Index’s 3.5% gain in March despite concerns of a banking crisis leading to a steep deterioration in growth. “We don’t view the recently expanded bank funding program as a form of quantitative easing that will ultimately be stimulative for risk assets,” he wrote. Dent Jr., aka The Contrarian’s Contrarian, flurries could come in July: The ever-building market bubble is likely to blow at the end of this month, if not. ![]() Moreover, the expectation that the Federal Reserve will soon end its monetary tightening will leave investors disappointed, Wilson said. “We advise waiting for a durable low in the broader market before adding to tech more aggressively as the sector typically experiences a period of strong outperformance post trough - a time when its cyclicality works in its favor on the upside,” he said. For some of the most promising growth stocks on the planet, I don’t think that’s too. Canada, US, UK or Australia? Where are Indian students heading to – Find out That’s after a slump from the peaks of 2021.
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