Nasdaq Nears 2% Gains. The Tech Trade Is So Back.

Deutsche Bank research strategists said this is part of the rotation into tech after hitting a bottom last week. It marks a reversal of the rotation out of the sector seen in recent months. "We see the rotation into Tech having further to go," they wrote, explaining, "This would be the 5th such rotation in the last 3 years with the market focus repeatedly swinging between stellar growth and bubbles fears at an increasing rate."