March Rotation in Technology from Growth to Value
Every time Jeff Gundlach does a presentation he has a segment where he talks about the “bloodless verdict of the market” on recent price action moves of various instruments and sectors.
Since I focus on the consumer technology sector, I’d be amiss to not document the significant rotation from tech growth names to tech value names in this month of March. It has been a stunning move. I’m not really sure what was the catalyst behind the timing of this rotation, but we shouldn’t ignore it. If you have a good theory or thesis on why this is happening now, let me know by emailing news(at)firstadopter(dot)com. Here are some of the examples on my screens:
Value Technology Companies (Lower Earnings Multiples)
Growth Technology Companies (Higher Multiples)