Tech's Hottest Rally Since 2000 Meets The Most Bullish Month

Benzinga

Tech stocks are surging toward their biggest rally since 2000, fueled by Fed rate cuts, cooling inflation, AI earnings, and renewed U.S.-China trade optimism. Analysts warn easy policy could reignite bubble risks.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Technology stocks are on pace for their biggest surge since the dot-com era.

00:06It's a mix of Fed rate cuts, AI earnings, cooling inflation, and trade optimism

00:09drives heavy inflows into the sector, according to Benzinga.

00:12Technology select sector's spider fund has jumped over 42% since May,

00:16could mark its strongest six-month rally since March 2000 if gains continue this week.

00:21Rally follows easing inflation data, renewed U.S.-China trade cooperation,

00:26and expectations of another Fed rate cut.

00:27Wall Street strategist Ed Yardini said investors welcomed the return of the Fed put

00:31but warned that with cooling inflation and strong GDP growth,

00:35rate cuts could inflate asset bubbles rather than aid jobs.

00:38Analysts say the environment mirrors the late 1990s

00:41when easy monetary policy and tech euphoria fueled the bubble.

00:45Seasonal trends could further extend gains as November restored

00:47to deliver strong returns for tech.

00:49For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended