Party Like It’s 1999

Friday, August 7th, 2020   Categories: , , ,

Time to take profits in US Tech

The US Tech sector has just flashed an important warning signal. Our recommended weighting has just dropped below its 52-week moving average. This has happened seven times in the last 25 years and the result is always a significant reduction in exposure. Six times out of seven, the sector has not bottomed until it was deep in underweight territory.