insider@insider.com (Carla Mozée) / Insider: Tech
Investors are flocking to tech and telecom stocks, but theyre wrong to see them as defensive plays, – Techs and telecom shares arent defensive as fundamentals are weakening and interest rates are trending higher, says BofA.woman looking at stock portfolio on phone wera Rodsawang/Getty Images Investors have been scooping up shares of technology and communications companies, and the rotation suggests investors incorrectly view those sectors as defensive, said …
