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Hedge Funds May Finally Be Turning On Tech Stocks

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Michelle deBoer-Jones
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Hedge fund managers and market watchers have been saying it for months. Tech stocks are done; it's time to ditch the pricey momentum names in favor of value stocks. Unfortunately it seems like every time we hear that, the tech sector pauses ever so briefly before taking another leap even higher into the sky. So when will the markets really be ready to say goodbye to high-flying tech stocks?

We might finally be there. Maybe. Perhaps. We'll just have to wait and see.

 

Investors unloaded equities last week

Bank of America Merrill Lynch strategists Jill Carey Hall and Savita Subramanian said

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.