Emerging Market Stocks – EM Consumer Discretionary + Tech vs. EM Energy + Materials This chart highlights the polarization in sector dominance. Image: BofA Global Investment Strategy
Tech Stocks – Central Bank Balance Sheet vs. Big Tech Market Capitalization Are markets too optimistic about Fed tapering? Image: BofA Global Investment Strategy
Nasdaq 100 Technicals Technicals suggest the Nasdaq 100 could move higher. Image: BofA Global Research
Earnings of Tech Companies Earnings of tech companies continue to grow much faster than the rest of the market. Image: Goldman Sachs Global Investment Research
Weekly Tech Equity Fund Flows Tech stocks saw their largest weekly outflows since September 2020. Should investors dump tech stocks in favor of cyclicals? Image: BofA Global Investment Strategy
Valuation – World Technology 12-Month Forward Earnings Yield and 10-Year Treasury Bond Yield Plus 2.5 Tech stocks are less attractive, as the world tech 12-month forward earnings yield is still below the 10-year Treasury bond yield plus 2.5. Image: BCA Research
Tech Bubble – S&P 500 Information Technology and Small Cap Value Index Should investors expect small cap value stocks to soar and a repeat of the tech bubble burst? Image: Alpine Macro
Performance – Equal Weight Tech Relative to Cap Weight Tech Will the equal-weight tech sector continue to outperform the cap-weight tech sector? Image: Strategas Research Partners
Technology as a Share of Global Equity Market Capitalization Tech accounts for 33% of global equity market capitalization. Is it a peak? Image: BofA Global Research
Tech Flows (Annual Inflows to Tech) How long will investors’ love of Tech stocks last? Image: BofA Global Research