Macro Matters is now part of the LGIM Blog, and still represents the views of our economists, strategists, and fund managers from our asset allocation team.
The long-term structural bull case for the technology sector and the relative strength of several tech firms during the recession are well established. But we believe the present crisis has also created additional macro tailwinds for tech stocks.
Not so long ago, the trade war between the US and China was the greatest geopolitical risk facing the market. COVID-19 has taken its place at the front of investors’ minds, but it hasn’t eased the underlying tensions – and may have exacerbated them. ;