Since the abrupt collapse of Silicon Valley Bank, investors have piled back into the big tech behemoths that propelled the market’s advance in the years after the 2008 financial crisis and have shunned stocks that are typically considered cyclical
Photo: Samuel Corum/Bloomberg via Getty ImagesInvestors are wagering that a general slowdown and tighter lending conditions stemming from thewill force the Federal Reserve to loosen monetary policy sooner than expected.
Since the abrupt collapse of Silicon Valley Bank, investors have thrown out the playbook they used last year when they dumped riskier, rate-sensitive technology companies in favor of investments that generated immediate cash for the holder.
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