Deutsche Bank Nailed The Tech Rout. Here's What They See Coming Next

DB nailed the tech unwind. Now what?

Credit where it's due. On October 9, Deutsche Bank's Binky Chadha and team tactically downgraded tech from overweight to neutral, warning of an unfavorable risk/reward setup and a potential sharp reversal.

The timing was excellent. Mega-cap growth and tech have since fallen 7%, while the rest of the S&P 500 has gained 5%. That's 12 percentage points of underperformance in just two weeks.