Tech stocks have come back with a 'vengeance' - and the rally in equities suggests a bull market has dawned, says Fundstrat's Mark Newton
The stock rally in place since the start of the year is poised to prevail as tech shares - which took a drubbing in 2022 - come back with a"vengeance," according to Fundstrat's head of technical strategy. , Mark Newton said he remains 100% bullish on equities."Momentum and breadth have improved substantially over the last couple of months. We are in a seasonally very bullish period," he said.
"We do see signs of technology coming back with a vengeance in the last couple of weeks. Tech is now the third best-performing sector in the year and that's obviously quite important," he added.
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