Tech stocks defy hedge fund bets and lure back wary investors.
TL;DR Summary
Hedge funds have lost around $18bn betting against the recent tech stock rally, as the market continues to surge despite the pandemic. The losses come as investors have poured money into tech stocks, with the Nasdaq Composite index up 30% this year.
- Hedge funds lose $18bn betting against tech stock rally Financial Times
- As U.S. megacaps soar, some investors are wary of rising valuations Reuters
- Tech Rally Reflects Misguided Rate-Cut Hopes, This Investor Says The Wall Street Journal
- Mega tech stocks lure back investors for all seasons: Mike Dolan ZAWYA
- Economy Down Tech Up. The New World? ForexLive
- View Full Coverage on Google News
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