Yesterday’s technical stock route was not evenly distributed; some companies and technology sectors outperformed others. The same can be said more generally about the tech sectors in 2022. For example, the basket of cloud stocks We’re tracking was down 45% so far before today’s opening, while cybersecurity index funds ($IHAK, $CIBR, etc.) are each down about 20%, a much smaller drop.
Cybersecurity stocks have returned some gains this year; they are not immune to price revision in the market. But at the same time, the cohort absorbs less water.
The Exchange explores startups, markets and money.
Read it every morning on londonbusinessblog.com+ or get The Exchange’s newsletter every Saturday.
We’re curious to see if generally more sustainable cybersecurity public stocks translate into more stable venture capital patterns. More simply, is the cybersecurity venture capital deal activity holding up better than other sectors this deep into the third quarter? We’ve collected a bunch of data to help us understand that.