• As last year, big tech is driving global stock markets
  • But market breadth is increasingly narrow
  • Is the market vulnerable to economic gravity?

In this edition of Week in Review I sit down with my Southbank Investment Research colleague and tech guru Sam Volkering to analyse the most recent rally in “big tech” stocks and whether this trend can continue. Sam is confident that it can, and for a variety of reasons.

I express some scepticism, in particular the lack of market breadth and growing signs that the US economic engine will no longer be providing support later this year and next. Sam largely dismisses these concerns, concentrating on what he sees as a “secular growth story” that is unlikely to run out of momentum anytime soon.

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John Butler
Investment Director, Fortune & Freedom