BTIG Quoted by CNBC: “Time to Buy the Tech Rally? Hedge Fund Manager Dan Niles and Others Reveal Their Top Picks”

BTIG analysts were referenced by CNBC:  “BTIG believes that tech stocks have become something of a “rotation beneficiary given the recent events and rising odds for a hard landing.” “If you are managing money, and you are selling high-beta cyclicals but have a mandate to be fully invested, that money is going to find its way into more perceived safe havens. While we don’t think FANG+ names are immune to weakness, they are perceived as safer in an economic downturn than Energy, Industrials, Financials, etc,” the bank’s analysts wrote in a March 16 note. However, they warned that once these “rotations” have run their course, there could be renewed weakness in tech.