FTEC - FTEC: Fully Valued But Likely To March Higher

• FTEC is likely to march higher in light of steady, positive earnings growth, and the strength of the fund's underlying average return on equity.
• FTEC's short-term valuation might look pricey, but tech stocks possess the power of narrative; strong earnings enable tech stocks to maintain this power.
• There are some foreseeable risks, such as reduced tech investment and/or higher rates. However, long-term holders should be fine at present valuations.
• Investors should nevertheless be on watch for bubble-like conditions, which may develop should funds like FTEC advance beyond their means.

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