<\/p>\n
A Goldman Sachs executive says global equity markets are undergoing a sharp shift away from heavy concentration in mega-cap US technology stocks.<\/p>\n
Rich Privorotsky, head of European One Delta trading at Goldman Sachs Global Banking & Markets, says<\/a>\u00a0investors are increasingly reallocating away from the so-called Magnificent Seven after years of dominance.<\/p>\n He says the shift is opening opportunities across cyclical sectors and emerging markets.<\/p>\n \u201cSo, I think it\u2019s been a massive broadening trade so far. We should really kind of call out the underperformance of big cap tech and software. Particularly in software you\u2019ve seen massive derating, and I think that\u2019s a function of innovations in AI and what\u2019s happened very recently.\u201d<\/em><\/p>\n Privorotsky says pressure on large technology firms has come from heavy capital expenditures, reduced share buybacks, power and semiconductor constraints, and rising political scrutiny.<\/p>\n \u201cWe started at this point of just extreme concentration. If suddenly the forward returns don\u2019t look as compelling and the valuation looks a little bit elevated, moving a couple of dollars out of these companies into everything else is a massive impact.\u201d<\/em><\/p>\n He says the shift is visible in US equity benchmarks, with equal-weight indices and smaller-cap stocks outperforming, while cyclical stocks gain at the expense of quality and secular growth.<\/p>\n Privorotsky also pointed to strong demand across emerging markets as investors look beyond US assets.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A Goldman Sachs executive says global equity markets are undergoing a sharp shift away from heavy concentration in mega-cap US technology stocks. Rich Privorotsky, head of European One Delta trading at Goldman Sachs Global Banking & Markets, says\u00a0investors are increasingly reallocating away from the so-called Magnificent Seven after years of dominance. He says the shift […]<\/p>\n","protected":false},"author":2,"featured_media":418209,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-418206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=418206"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418206\/revisions"}],"predecessor-version":[{"id":418210,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/418206\/revisions\/418210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/418209"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=418206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=418206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=418206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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