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Investors really hate tech stocks right now— but should they?
There is no love for hot tech stocks right now, but strategists say eventually that will change because commonsense says it should change.Nevertheless, the lack of love for tech is growing palpable as positions areslashed amid the rise in 10-year yields and a rotation into value stocks.Fund managers cut their tech weighting to the lowest overweight position since January 2009,according to a new survey out this week from Bank of America. The survey found that while 34% of fund managers view being
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