SocGen Says Tech Selloff Is Profit Taking, Not Start of Downtrend - Business News, Finance News, Share Market News - Market trendz

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Friday 4 September 2020

SocGen Says Tech Selloff Is Profit Taking, Not Start of Downtrend



Sep.04 -- Thursday's plunge in equities, which saw the Nasdaq 100 lose 6%, or about $730 billion erased, is more likely to be profit-taking rather than the start of a downtrend, according to Sophie Huynh, multi-asset strategist at Societe Generale. She speaks on "Bloomberg Daybreak: Europe."
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