Looking at fundamentals and technicals, can an argument be made that the small / mid cap techs have bottomed? I'm talking SNOW, TWLO, COIN, UPST, AFRM, PATH etc. Most of these have rallied anywhere from 15 – 50% from today's lows on really high volume.
As with previous corrections and bear markets, these stocks started falling mid 2021 while the QQQ was holding relatively well due to mega cap exposure. Now, these small / mid-cap tech are rallying (for example just today on huge volume) while the QQQ is falling or staying low due to mega cap tech including MSFT and APPL.
Similar to under currents in an ocean, while it could be likely that the Qs stay low for a while longer, the smaller Tech may begin the recovery.
What are your thoughts on DCA ing into small / mid-cap tech now? Even though these are not profitable and won't likely be for the next couple of years?
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