U.S. Technology Sector – Is The Sun Setting?

Using their internal model, analysts at Source believe the US Technology sector is overvalued, while they move in the opposite direction on the European Technology sector by upgrading it to Overweight.  András Vig and Paul Jackson point out in their May 25 research piece titled “The sun sets on US technology” that the policy divergence between the ECB and the Fed should drive the dollar higher against the euro. US Technology – Source prefers Eurozone to U.K. and U.S. Tracing the rebound in the last three months following a challenging start to the year, Vig and Jackson point out that the…