Stocktake: Stock market losses piling up for investors
Tech stocks have borne the brunt of the selling, losing some $3trn
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Tech stocks have borne the brunt of the selling, losing some $3trn
Bank of America’s monthly fund manager survey shows allocations to technology stocks have plunged over the last month
Shares in Facebook’s parent company have fallen 43% since 2021’s peak
History suggests this dip might be a good time to buy – but expect a volatile year ahead
Stocktake: Broad market rally still looks healthy Broad-based nature of rally suggests any pullback will not be a long-lasting affair Tue, Apr 6, 2021, 05:00 Market sentiment has become worryingly bullish in recent weeks and many observers think stocks have run too far, too fast. Nevertheless, the broad-based nature of this rally suggests any pullback will not be a long-lasting affair. Last week, 94 per cent of S&P 500 stocks were trading above their 200-day moving average – the highest reading since 2013, says Ritholtz Wealth Management’s Michael Batnick. Last year, many worried th...