Kim Bolton's Top Picks: January 17, 2023

Top picks from Kim Bolton, president and portfolio manager, Black Swan Dexteritas

FOCUS: Technology stocks 

MARKET OUTLOOK:

The Black Swan Dexteritas [BSD] Global Tech Hedge Fund investment is down 10 per cent for calendar 2022, which is significantly better than the broad market equity indices. Halfway through the first calendar month of 2023, the BSD Fund has gained 3.5 per cent. By every measure, 2022 was a terrible year for tech growth shares. Soaring interest rates, component shortages, high inflation, a war in Europe and the strong U.S. dollar combined to deflate multiples for consumer tech and enterprise tech alike.