24 November 2021 - Taking Tech Profits | Argosy Property Global markets were mixed overnight, with US market (S&P 500 index +0.2%) trading higher with gain across most of the market, apart from the tech sector. Investors looked to take profits from their high flying technology shares, with tech the worst performing sector for another session as US interest rates continued to grind higher. Zoom shares plunged -18.4% as revenue growth slowed post lock-downs and a return to normal business in most of the globe. Bank stocks were higher again, benefiting from rising bond yields, and Energy stocks led gains rebounding as the US, UK and major Asian economies confirmed they will release oil from their strategic reserves in an attempt to reduce petrol prices. European Markets (Stoxx 600 index -1.1%) fell experiencing a similar tech sell-off, while fresh waves of covid-19 infections and restrictions across Europe also weighed down on market sentiment....