THE “SWEET 16” BIG TECH STOCK RALLY IS OVER. IT’S TIME FOR CYCLICALS TO OUTPERFORM TESLA AND APPLE
by Collin McClellandTechnology stocks that powered the stock market’s resurgence during the pandemic may be running out of steam, and are being replaced by cyclical shares — companies poised to boost earnings because of improved economic conditions, according to Jefferies Research Services LLC.Jefferies’ ‘Sweet 16’ index of major tech stocks including Apple Inc., Microsoft Corp., […]