In 2020, tech stocks are offering growth as well as defensive capabilities. We demonstrated how by looking at performance via several proprietary baskets, including SaaS and Mobile Payments, recently featured by CNBC.
As noted by CEO Jon Caplis, what we’re seeing now is a kind of “Goldilocks [scenario], where tech stocks are defensive and can probably continue to thrive in the same way that they performed in a pre-Covid environment.”