Aug 25 (Reuters) - Strategists at BofA Global Research see second-half "trouble" for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday.
BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years.
"We say tech = H2 trouble rather than era of new AI rules," BofA said in the note.
In the latest weekly data, the tech sector saw a $2.3 billion inflow, its largest inflow in 10 weeks, BofA said.
Emerging markets debt meanwhile lost out, BofA said, seeing the largest weekly outflow since the collapse of Silicon Valley Bank in March.
Persons:
Michael Hartnett, BofA, Lewis Krauskopf, Dhara Ranasinghe, Alistair Bell
Organizations:
BofA, Research, Nasdaq, U.S . Treasury, Silicon Valley Bank, Thomson
Locations:
U.S, Silicon, New York, Amsterdam