Managers clinging to tech can expect pain, strategist says
“The lesson is that investors have muscle memory of making money in tech stocks for 10 plus years and that needs to go away,” the head of US equity and quantitative strategy at Bank of America Corp. said on Bloomberg TV.
By Lu Wang and Jonathan Ferro, bloomberg
Early in 2022 when technology shares sold off and energy rallied, Savita Subramanian thought professional investors at least by December would have ditched their long-held affection for growth stocks and embraced the inflation trade.
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