Goldman sachs unprofitable tech index

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After posting huge gains in the 12 months following the March pandemic panic, investors appear to be rapidly souring on unprofitable technology stocks. There are a few explanations for what might be going on here. Perhaps investors think the economy is finally turning a corner, reducing the need to pay over the odds for fast-growing companies. Or perhaps retail investors are simply tiring of the stress of owning volatile stocks and — as with crypto — fleeing the market in search of more reliable returns. All the daily investing news and insights you need in one subscription. Disclaimer: These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided.

Goldman sachs unprofitable tech index

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After a series of days in utter and complete COVID-positive isolation, yesterday was my re-introduction into the modern world. I put on a nice shirt and slipped on a pair of loafers and grabbed my car keys. Let me tell you: Nothing greets you in that moment quite like a flat tire. After muttering a series of obscenities that were, regrettably, overheard by my neighbor, I pivoted: I could still attend my meeting, after all—on my bike. Perhaps others can relate to this, but when you never go into an office, and when you have gone long stretches of time without looking another human being in the real, not virtual face, you do whatever is necessary to show up in the flesh when possible—even if you arrive slightly disheveled, a little sweaty, and with your hair shoved up into a helmet. And, for some venture-backed companies, they probably should have gotten profitable right along there with me. Back to companies. In fact, a Goldman Sachs index that specifically tracks a basket of unprofitable tech rose enormously in early —from just over points to more than , per Bloomberg. But that index started nosediving at the end of last year and has now lost around two-thirds of its value since then Yikes!

Goldman sachs unprofitable tech index

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Perhaps investors think the economy is finally turning a corner, reducing the need to pay over the odds for fast-growing companies. Switch the Market flag for targeted data from your country of choice. Open the menu and switch the Market flag for targeted data from your country of choice. Want Streaming Chart Updates? Site Map. Site News. Right-click on the chart to open the Interactive Chart menu. Stocks Futures Watchlist More. For Business. Futures Market Pulse. Claim Offer. News News. European Trading Guide Historical Performance. Disclaimer: These articles are provided for information purposes only.

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All the daily investing news and insights you need in one subscription. Reserve Your Spot. Right-click on the chart to open the Interactive Chart menu. Learn Learn. Or perhaps retail investors are simply tiring of the stress of owning volatile stocks and — as with crypto — fleeing the market in search of more reliable returns. Log in Start Free Trial. If you have issues, please download one of the browsers listed here. News Barchart. Occasionally, an opinion about whether to buy or sell a specific investment may be provided. All Press Releases Accesswire Newsfile. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment advisor. News News. Market on Close Market on Close Archive. Want to use this as your default charts setting? You may not get back all the money that you invest.