80% Of Fund Managers Are Suddenly “Paranoid Tech” Smart Money Dumping Tech Stocks For Value Or Japan (Video)
80% Of Fund Managers Are Suddenly “Paranoid Tech” Smart Money Dumping Tech Stocks For Value Or Japan Video by Silver Report
Institutional investors are suddenly “Paranoid Tech”! Anyone who has been tracking the stock market immediately understands the dilemma here since there has really only been one trade throughout 2020 (Long US Tech) Long US Tech has returned 25% YTD while the other stocks in the S&P500 are still down for the year. The Fund managers survey polls hundreds of fund managers with over $600 billion in assets under management and there was an overwhelming consensus to the question “what is the most crowded trade?” to which 80% responded long US tech and it is beginning to reflect among institutional investor positioning as the rush out of US Tech is in full effect and the “smart money” has actually begun to buy value or Japan.
Interestingly they were recently making fun of Warren Buffet for buy Japan, well He’s not alone it is becoming a popular trade among institutional investors and fund managers. There has been a lot of talk about all-time high stock prices recently yet no one seems to mention something called market breadth which is the concentration of investment among the large-cap/mega-cap tech stocks that is really the only driver. Now that fund managers are beginning to cash out on the golden goose we may see ourselves in a world of market volatility sooner rather than later.