The so-called bulls rely on rising prices on the stock market
(Photo: Getty Images)
Frankfurt It’s been a pretty dreary start to the new week for tech stocks. On Tuesday, prices on the US technology exchange Nasdaq fell by 2.5 percent. That’s just a snapshot, but it fits into a longer-term trend that’s bothering many financial professionals right now.
Technology stocks have made many investors rich in recent years. However, according to prominent investors, the trend has reversed in favor of more cheaply valued stocks from classic, traditional economic sectors, which are summarized in technical jargon under the rubrum of value stocks.
“Value stocks should remain the favourite, not growth stocks,” believes Vincent Mortier, who as chief strategist at the large French asset manager Amundi is responsible for around two trillion euros. In his opinion, this thesis will also hold if the markets should tip over again after the strong rally since autumn last year. “Investors are too optimistic,” warns the Frenchman.
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