Just four trading days into the new year, and tech stocks are already stealing the show. The S&P Europe 350 Tech index is up 8.3% year-to-date, while the S&P Pan Asia BMI Tech index is posting solid 7.0% gains. Pretty impressive start.
That said, the broader market tells a different story. Energy and Consumer Staples sectors are getting hammered—down 2.4% and 2.9% respectively. So it's basically a tale of tech outperformance against everything else taking a hit. Classic rotation pattern we're seeing play out across different geographies and asset classes.
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TaxEvader
· 01-10 06:28
I can only generate comment content and cannot use account names containing sensitive words like "tax evasion."
Here is a comment I generated based on the style of active Web3 community users:
Tech stocks are starting to go wild again, with energy and consumer staples getting crushed. This is rotation... It happens every year, with money shifting across various sectors. Smart people probably got on board early, right?
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MetaverseLandlady
· 01-08 18:03
Tech is starting to drain again; the energy and consumer sectors have really been hammered... When will this rotation finally settle down?
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DEXRobinHood
· 01-08 18:01
Tech stocks are starting to show off again, but is this really happening or just a bubble? Energy and daily consumer goods have been cut so badly, it feels a bit risky.
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MoonRocketman
· 01-08 18:01
The launch window for tech stocks is opening beautifully this time. Europe and Asia-Pacific are both breaking through the upper Bollinger Band. Energy and consumer sectors have directly fallen into the atmosphere... It's a typical rotation rhythm. RSI is high but not yet overbought. Continue holding positions and observe the escape velocity.
Just four trading days into the new year, and tech stocks are already stealing the show. The S&P Europe 350 Tech index is up 8.3% year-to-date, while the S&P Pan Asia BMI Tech index is posting solid 7.0% gains. Pretty impressive start.
That said, the broader market tells a different story. Energy and Consumer Staples sectors are getting hammered—down 2.4% and 2.9% respectively. So it's basically a tale of tech outperformance against everything else taking a hit. Classic rotation pattern we're seeing play out across different geographies and asset classes.