They are taking profits, that's for sure. What is concerning is the selling intensified in the last few weeks which usually happens around local tops.
A lot of this selling is automatic but hard to quantify for how much share of all sales it accounts. I doubt that they buy other equities with such pricey valuations.
I would be watching the Q2 earnings results of the Big-Tech companies, especially their outlooks to get more clarity on what's going on.
Finally, I personally would be careful with significant stock ownership until the election/Autumn anyway.
So what’s your take on this? Is it time now to sell also or why are they doing this? Are they going to re allocate their resources to other stocks?
They are taking profits, that's for sure. What is concerning is the selling intensified in the last few weeks which usually happens around local tops.
A lot of this selling is automatic but hard to quantify for how much share of all sales it accounts. I doubt that they buy other equities with such pricey valuations.
I would be watching the Q2 earnings results of the Big-Tech companies, especially their outlooks to get more clarity on what's going on.
Finally, I personally would be careful with significant stock ownership until the election/Autumn anyway.
Thank you for this clarification. Appreciate the feedback. Enjoy your Sunday!
Thanks! Likewise