Macro Minutes: Tech Positioning in Current Market Cycle






Key Points

  • With the speed of the 2020 downturn and recovery, we believe we are currently late market cycle.

  • Large cap growth equities’ tendency to outperform late in the market cycle supports our preference for Tech equities given the broad growth orientation of the sector.

  • While Tech bubble fears abound today, we believe they are unfounded as Tech equities are supported by strong fundamentals – a different environment from 2000.