The Second Leg Of The Correction Begins, Tech Outflows Accelerate And Could Cause Structural Damage (Video)
The Second Leg Of The Correction Begins, Tech Outflows Accelerate And Could Cause Structural Damage Video by Silver Report
Tech outflows accelerate and investors begin to move to cash ahead of the next stock market rout. According to Morgan Stanley, that day has already begun in a combination of events they described as “fiscal cliff + peak fed = second leg of correction” when the banks chief equity strategist Mike Wilson warns tech stocks will probably take the brunt of the impact and the greater stock market which hasn’t enjoyed the revival seen in the top stocks will find interest and advance. the move into tech has been so pronounced that He even suggested the result could of that capital flowing out could cause structural damage to the greater economy as everything has been put onto the performance of a handful of mega cap tech stocks. He also suggested it won’t be all bad news for stocks especially since they have not enjoyed the (tech) rally and if peoples expectations about economic conditions improve the tech outflows could commence as they begin stock picking and leaving the unicorns behind.