Proactive Investors tech expert Richard Jeans analysis the tech market in 2020 as the markets continue to wind down for Christmas with the tech sector performing well this week, with the focus on liquidity driven large caps - the software large cap average is up 4.0% while our small cap leaders average is up 1.1%.
In software large caps, Jeans says Keywords Studios is the winner, up 9% over the week after making a couple of acquisitions. But the gains were broad in the large caps with Avast (LON:AVST) Computacenter (LON:CCC) Softcat (LON:SCT) and Blue Prism (LON:PRSM) all up more than 5%.
Looking forward, Jeans says there are signs of equities getting toppy, with the US indices at record highs, heavy IPO activity in the US and declining cash levels. We also have ongoing political uncertainty… we could have a Brexit deal or a no deal at any moment. And Big Tech legal wrangles will be an ongoing theme.