There's a whale in the water

Author: Adam Button | Category: News

Huge moves in tech stocks

Huge moves in tech stocks
The largest company in the world -- Apple -- is up 6.1% today and online retail goliath Amazon is up 5.2%.

Those two companies alone are behind a big chunk of the total equity rally. This isn't the first time we've seen tech-driven equity outperformance since the virus bottom but reports about huge option buying from Softbank got a lot of attention as a catalyst previously.

Could they be at work again today?

I certainly wouldn't rule it out. If so then watch out for the kind of reversal we've seen before.

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose