Technology stocks have dominated the market for more than a decade.
However, strong outperformance in tech may begin to spread to other sectors of the stock market, according to BofA.
Here are four reasons tech stocks' dominance could end later this year, according to the bank.
AdvertisementThe technology sector's dominance over the stock market could finally end later this year, according to Bank of America.
Advertisement"As earnings accelerate outside of Tech, investors will likely become more price sensitive and seek out cheaper earnings growth," Subramanian said.
Persons:
—, Savita Subramanian, Subramanian, COVID
Organizations:
Service, Bank of America, Tech, Federal Reserve, Treasury, Bank of, Technology, Communication Services, Nvidia, hyperscalers Microsoft, Rockwell Automation, ROK
Locations:
Tech, China, Japan