Positive Investor Sentiment Has Stabilized; Awaiting The Next Catalyst
As 2016 wraps up with a new President-elect and an interest rate hike with likely more to come, how are investors thinking about and positioning within the Technology sector?
Corbin Perception's final Tech Sentiment Survey of 2016 finds sentiment remains generally positive as investors recharge and await the next catalyst. While global capex concerns linger, respondents largely expect most key metrics to stay the same or improve and are casting a cautiously optimistic eye toward future tax reform. Still, bulls won't be fully charged until the Tech IPO market recovers, largely expected in 1H17.
Their survey identified some interesting investment themes, including predicted winners and losers among bellwethers.
While investors anticipate a glitch in Tech valuations amid an anticipated President-elect Trump reboot of global trade agreements, the U.S. economic outlook is neutral and outright optimistic for equity markets.