Equities markets dropped on Friday, led by a tumble in technology stocks, however one fund supervisor keeps his bullish position.
Michael Danov, president and also CIO SBP Management, claimed that while macroeconomic conditions are favorable for broad equities indices, energy investors have pressed technology supplies past practical degrees of assessments.
" I don't assume the tech firms ought to be where they are today, I believe it's impractical assessments, what we have, whether it's the new age of Robinhood investors that maintain it going … I believe eventually that has to be recognized and it's trading means [greater] than it ought to be, and also I think some of that investment that's going there must be expanded for broader markets and more comprehensive markets generally," Danov told Kitco Information.
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