WTC has already surged over +50% in 2023 as it enjoys a safety-like bid even as bond yields rose – over previous cycles the Growth/Tech Sector has struggled when interest rates rallied but not this time and as we often trot out “don’t fight the tape”.
- In line with our recent comments towards the FAANG+ stocks we are looking for WTC to struggle above $80.
MM is neutral toward WTC
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