A number of Big Tech earnings will be released this week including Microsoft (MSFT) and Amazon (AMZN) giving more insight into the sector as it is facing a bit of a rotation from investors moving into small caps (^RUT). What is helping this rotation and is it just a short term movement?
Liz Young Thomas SoFi head of investment strategy joins Market Domination to give insight into Big Tech earnings and what investors need to know during this current economic cycle.
In terms of how investors are moving during this notion of a rotation, Young Thomas states: “I think what’s going on actually right now with the rotation is that some of those big cap tech names have given some back, because when people look at their portfolios, that is the easiest stuff to sell. You’ve got a big gain in it. It’s a very liquid name, professional investors see those as easy to sell as well. So it’s an easy place to take some profits and rotate. And I think the beneficiary of that rotation right now… has been small caps.”
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