Bloomberg Surveillance · Friday, July 24, 2026
Despite a slowdown in technology company prices due to anticipated lower earnings growth, Jim Caron explains that the broader market is performing well. He highlights sectors like healthcare, consumer, financials, industrials, and materials as holding up and compensating for losses in the tech sector.
“So I think markets are being very efficient in terms of taking down some of these you know, more technology company prices in the growth sector prices in anticipation of slowing earnings going forward. So this isn't to me an alarm bell, It's just the natural progression of the of the earning cycle.”
“And meanwhile, File John, you know, as all of this is happening, the equity markets are holding up, and they're holding up because the market's broadened out.”
“Because what we're seeing is is the other sectors of the markets, the other broadening. If you look at the healthcare sector, if you look at the consumer, if you look at financials, if you look at industrials, if you look at materials, all of these other sectors are holding up, and they're making up for some of the losses that we're seeing in the technology sector.”