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Investment Event

US Tech: Dip or blip?
05 August 2024
    Download the full reportPDF, 794.37KB

    Key takeaways

    • US stock markets have had a very strong run over the past 18 months. But this has been turbocharged by gains in tech stocks that have recently corrected
    • There has also been a rotation into left-behind parts of the market such as small caps and value stocks which benefit from interest rate cuts
    • Recent market action highlights the vulnerability of the US tech sector to disappointing developments
    • As the soft landing is confirmed, we think there is room for left-behind parts of the market such as small cap and value names to outperform