Why Jefferies' Steven Desanctis says it's time to get out of the top tech names
Steven Desanctis, Jefferies equity strategist, joins 'Squawk Alley' to make the case that now's the time to get out of the tech space as fundamentals for other stocks improve. He also shares where he thinks investors should go instead. A better macro backdrop is helping other sectors, according to Desanctis. Our argument is that things outside of tech, like consumer discretionary, industrials and materials are getting better. The revenue growth is going to broaden out, he says.
Tue, Sep 29 202011:55 AM EDT