Reported about 1 month ago
Market strategist Jeffrey Kleintop discusses how the recent sell-offs in Big Tech stocks are intertwined with the trading dynamics of the Japanese yen. He highlights that the yen's movements could signal future trends for tech investments, and suggests that the effects of the yen carry trade may last throughout 2024. Kleintop notes that while tech stocks are struggling, other sectors like financials, energy, and materials are gaining momentum, indicating a broader market strength.
Source: YAHOO