Mega tech MSFT, GOOGL being viewed to be safe haven in economic slowdown

19/3/2023 Market Diary

-Pressure remains in KBE$SPDR S&P Bank ETF(KBE)$ -5.6% KRE$SPDR S&P Regional Banking ETF(KRE)$ -6% as previous day gains from relief rally all evaporated in abrupt fashion

$Invesco QQQ Trust(QQQ)$ $Technology Select Sector SPDR Fund(XLK)$ $Vanguard Mega Cap Growth Index Fund ETF Shares(MGK)$ continues to defy gravity. mega tech MSFT$Microsoft(MSFT)$ +1.2% GOOGL$Alphabet(GOOG)$ $Alphabet(GOOGL)$ +1.4% being viewed to be safe haven in economic slowdown

$SPDR S&P 500 ETF Trust(SPY)$ $iShares Russell 2000 ETF(IWM)$ $Asure(ASUR)$ $Stitch Fix Inc.(SFIX)$ $ThredUp Inc.(TDUP)$ $Azul S.A.(AZUL)$ $Axcelis(ACLS)$ $Aehr Test(AEHR)$ $Ardelyx(ARDX)$ $Diversified Healthcare Trust(DHC)$ $Eyenovia Inc.(EYEN)$ $Hepion Pharmaceuticals, Inc.(HEPA)$ $Harrow Health Inc(HROW)$ $Indie Semiconductor Inc.(INDI)$ $Inozyme Pharma(INZY)$ $Samsara, Inc.(IOT)$ $iQiyi Inc.(IQ)$ $Jasper Therapeutics(JSPR)$ $Nerdy(NRDY)$ $ProQR Therapeutics NV(PRQR)$ $Riot Blockchain, Inc.(RIOT)$ $Sea Ltd(SE)$ $Universal Insurance(UVE)$ $Yext Inc.(YEXT)$ it is pretty ironic to be taming inflation via cycles of rate hike but it inevitably translate/spillover to higher rental cost for businesses

industrial rental spaces (2000sqf) going from $3000/m last year to $5000/m this year


https://twitter.com/jeffsuntrading/status/1637375863678459905

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