Yesterday’s tech inventory rout was not evenly distributed; some corporations and expertise sectors fared higher than others. The identical will be mentioned about tech sectors in 2022 extra typically. For instance, the basket of cloud stocks that we monitor was off 45% yr to this point earlier than the open right this moment, whereas cybersecurity index funds ($IHAK, $CIBR, and so forth.) are off round 20% apiece, a much smaller decline.
Cybersecurity shares have given again some positive factors this yr; they don’t seem to be immune from market repricing. However on the similar time, the cohort is taking over much less water.
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We’re curious if the commonly extra sturdy cybersecurity public equities are translating into extra secure enterprise capital patterns as properly. Extra merely, is cybersecurity enterprise capital deal exercise holding up higher than different sectors this deep into Q3? We’ve pulled a sheaf of knowledge to assist us perceive simply that.
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