Although there are still many unknowns, several experts such as HSBC’shHead of US technology research, Stephen Bursey, as well as HSBC analysts Abhishek Shukla and Govinder Kumar are flagging the software sector as a hedge for investors to consider during this period of economic weakness and uncertainty, especially amongst high quality names in the sector.
Back and forth announcements of US tariff plans have shrouded investors in a mist of uncertainty with fear and euphoria filling the hearts of investors as the world tries to grapple President Donald Trump’s tariff plans.
So far this year, major US indexes like the S&P500 and the Nasdaq composite were down about 15.3% and 20.9% respectively on Apr 8 before Trump’s announcement of a “90-day pause on tariffs”, which caused both indexes to rebound about 9.5% and 12.1% respectively in a single day.
