DBD Strategy Daily - US TECH's under-performance signal
As we have said several times, Tech stocks turning weaker than the market at large are a problem for the sustainability of the Trump rally. Yesterday, Tech stocks fared better than the S&P 500. It is too early to rejoice and buy Tech stocks. There are several ways to end a long period of out-performance. One of them is particularly treacherous. It is the way European Automakers entered into a consolidation in 2015. Slowly, slowly... There are several common points between leading US Tech giants today and Autos in 2015.
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