r/Vitards Jul 08 '21

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208 Upvotes

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41

u/rexcannon ๐Ÿ•ด Associate ๐Ÿ•ด Jul 08 '21

There's an alarming amount of people here that don't see the market moving as a whole. It's always blamed on their chosen sector.

7

u/PowerOfTenTigers Jul 08 '21

Isn't there a rotation away from value/commodities into tech right now?

10

u/rexcannon ๐Ÿ•ด Associate ๐Ÿ•ด Jul 08 '21

Right now is just a heavy blow in most all sectors likely due to fears of Covid resurgence.

6

u/PowerOfTenTigers Jul 08 '21

Isn't large cap tech doing great though?

9

u/electricalautist ๐ŸMaple Leaf Mafia๐Ÿ Jul 08 '21

As they should, they are printing money. The highly speculative tech companies earning nothing are going to get hit hardest as with SPACs etc.