Rallying tech stocks get no love with profit recession looming

Bradley Prior

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Rallying tech stocks get no love with profit recession looming

Tech stocks are bouncing back. But distaste for what was the market’s favorite group as recently as last summer is starting to spread among large swaths of money managers.

Headed into the heart of earnings season, hedge funds cut their industry exposure to the lowest level since July 2016, client data compiled by Goldman Sachs showed. [Bloomberg]
 
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