Does anyone have a view as to whether this week’s ML tech conference will likely have a positive impact on the market? Lots of overseas fund managers in town, and presumably they didn’t fly out here just for the weather.
It depends… Most fund managers doing their job should be on the top on what’s going on in the companies they are investing in anyways.
However, if the local mom and pop investors find it important and go out and buy some tech shares, it might do a bit.
Looks like you were correct. Appears to be mosly govt funds buying today, not much from overseas. Anything on the horizon that could be positive news?