YWR: Killer Charts
Disclosure: Personal Views. Not investment recommendations.
2023 has been difficult for professional investors.
Hedge Funds and mutual funds have been underweight big tech, especially NVIDIA.
The 50% tech surge has been driven strong earnings and supercharged by retail investors who love buying their favourite stocks.
It’s been the biggest outperformance of growth over value since 1999.
The broader stock markets have made gains, but professional portfolio managers (PM’s) aren’t buying it.
PM’s surveyed by S&P Investment Manager Survey think the future for stocks is bleak….and that equities are set to decline.
