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Microsoft Is Propping Up the Entire Stock Market Right Now, Says Allianz Strategist

Yes, and for good reason, says Neil Dwane, global strategist at Allianz Global Investors, who says investors are leaning more on that old favorite— (MSFT) (ticker: MSFT)—as regulatory wagons circle around some popular names in the tech, internet, and media space. “We’re a Microsoft market,” Dwane told MarketWatch. While Microsoft isn’t one of the quarter’s best performers, with a gain of just over 3%, it’s the seventh-best performer year to date, with a 37% gain. Read More...

Yes, and for good reason, says Neil Dwane, global strategist at Allianz Global Investors, who says investors are leaning more on that old favorite— (MSFT) (ticker: MSFT)—as regulatory wagons circle around some popular names in the tech, internet, and media space. “We’re a Microsoft market,” Dwane told MarketWatch. While Microsoft isn’t one of the quarter’s best performers, with a gain of just over 3%, it’s the seventh-best performer year to date, with a 37% gain.

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