U.S. Markets closed

Sector Rotation Is Powerful: This Tech Hit Is a Great Trade

Maleeha Bengali

Over the last few days, we have heard and seen all sorts of creative investment basket acronyms in the tech sector from FAANG to FAANGMA, or the new AGMA (ok, I just made that one up). It does not change the fact that everyone and their mom was invested in the tech sector, given its phenomenal growth of around 30% in large-cap companies of about $100 billion or larger. Netflix dropped 15% on weak subscriber numbers.