The Good Old Economy and the New Economy Rally Together

We see a very strong rally in tech and consumer discretionary alongside the good old economy as well. I think it's all linked to China, because if China is truly reopening and we get hints that China is at least open for business now,. Then China is obviously a big importer of commodities. That's a demand boost to industrials, materials, all those sectors. But China is also kind of the factory of the worldwide. So we have a big boost to global supply coming from China as well, alongside this reopening. And when there is a big supply boost, we should actually expect the overall price pressure to fade - allowing sectors such as technology which are really interest rate sensitive