WS #16666
Citi has reportedly given up on the hyperscaler and growth trade, citing a sharp rotation away from big tech as inflation concerns resurface in earnings calls. This marks a significant shift from the prevailing 'tech rally' narrative, suggesting that high-multiple growth stocks may face renewed headwinds. Lockheed Martin's contract win highlights the divergence between defense and broader tech sectors.
Tech Rotation & Earnings
Citi has reportedly given up on the hyperscaler and growth trade, citing a sharp rotation away from big tech as inflation concerns resurface in earnings calls. This marks a significant shift from the prevailing 'tech rally' narrative, suggesting that high-multiple growth stocks may face renewed headwinds. Lockheed Martin's contract win highlights the divergence between defense and broader tech sectors.