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1.Market Observations, 8.Was Sticky

4 Jan 2018 (AFR) – NASDAQ passes 7000, but tech tipped for slower year

(4 January 2018, AFR, p14, by Yolanda Redrup)

‘Tech investors have been warned not to read too much into the Nasdaq passing 7000 for the first time, with many listed tech stocks already trading on high valuation multiples locally. Alphinity Investment Management portfolio manager Lachlan MacGregor told The Australian Financial Review that while trading early in the year was often a good guide to sentiment, but there would be more hurdles for tech stocks to overcome in 2018 to keep recording the big valuation gains seen in 2017.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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