Market volatility has continued during the month and the US market has at one point fallen for 8 weeks in a row. We have not seen this since 1932, although it seems that the technology really regained some confidence after the Salesforce results. Salesforce's figures were good, comments from management about the customer's intentions to continue investing in technology during the uncertain times we are in gave us confidence. In addition, several smaller technology companies such as MongoDB and Okta reported healthy figures.
The last stage down to the market has been driven by weaker sales from e-commerce players and higher costs for bricks and mortar. We can now find several interesting valuation cases over technology also with regard to a weaker economic development.