Big-Tech Rally Heats Up, Breeding Overcrowding Fears
- Hedge funds net long Nasdaq 100 futures most since 2016: SG
- Positioning means ‘potential downside is bigger’: van Slooten
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After being caught flat-footed early last year, fund managers have gone all-in on technology stocks — so much so that it’s sparking warnings that the Nasdaq 100 Index is looking ever more vulnerable to investor pullbacks.
There are ample signs that investor euphoria around Big Tech is running high amid bets that the Federal Reserve will deliver a rapid series of interest-rate cuts in the coming months.