HFI Research

HFI Research

Tech's Rally Is Almost Over And What That Means For Energy Stocks

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HFI Research
Jun 26, 2023
∙ Paid
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Nasdaq is up 35.38% this year, but the rally won't continue. There are far too many reasons why that is, but here are the most important ones:

  • Valuation, valuation, valuation. But more importantly, it's the valuation relative to the interest rates. 

  • A broader rotational trend shift remains in place with value set to outperform growth.

  • Federal Reserve is likely to keep interest rates elevated for longer even with lower inflation figures coming. Oil price will be a potential catalyst.

Valuation

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