Surprises of Recession-Aware Markets: Contrary to Conventional Wisdom, Big Techs Became the Winners!
According to WSJ, big tech stocks are “back in the market’s drivers seat”. Despite leverage risks of small cap firms struggling to generate positive cash flows amidst venture capital industry’s doldrums, big tech’s hoarding cash on their balance sheets seem to be more resilient to impending crises.
April 3, 2023