Tech Stocks – G3 Central Bank Balance Sheet vs. Nasdaq 100 Will the divergence between central bank liquidity and the performance of tech stocks persist in 2024? Image: BofA Global Investment Strategy
S&P 500 Index and Technical Score The current reading of 78.89 indicates that the U.S. stock market is overbought, indicating a rapid rise in prices and potentially serving as a warning to exercise caution. Image: Real Investment Advice
Tech Flows Tech funds continue to experience strong inflows. This trend reflects investor interest in the tech sector and its potential for growth and innovation. Image: BofA Global Investment Strategy
Tech vs. S&P 500 Investors, who are interested in the performance of the tech sector relative to the S&P 500, may be wondering how long this outperformance is likely to persist. Image: BofA Global Investment Strategy
Performance – Biotech vs. Nasdaq 100 U.S. biotech stocks are still experiencing significant underperformance compared to the Nasdaq 100. Image: BofA Global Investment Strategy
Valuation – Mega-Cap Tech vs. Rest of S&P 500 P/E Compared to the mega-cap tech stocks, the remaining stocks in the S&P 500 appear to be priced at a more reasonable level. Image: Goldman Sachs Global Investment Research
S&P 500 Adjusted Net Profit Margin and Info Tech Margins The information technology sector continues to maintain high profit margins compared to other industries. Image: Goldman Sachs Global Investment Research
Cumulative Tech Flows Will investors’ love of tech stocks continue? Image: BofA Global Investment Strategy
Nasdaq 100 Technicals The Nasdaq 100 remains resilient so far. Image: BofA Global Research
Performance – S&P 500 Tech Relative Can investors expect the outperformance of tech stocks relative to the S&P 500 to continue? Image: J.P. Morgan